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Unlocking Q4 Potential of Albertsons Companies (ACI): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Albertsons Companies, Inc. (ACI - Free Report) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year decline of 6.5%. It is anticipated that revenues will amount to $20.49 billion, exhibiting an increase of 9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Albertsons Companies metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Fuel' will reach $839.94 million. The estimate suggests a change of +2% year over year.
The consensus among analysts is that 'Number of stores at end of quarter' will reach 2,240 . The estimate compares to the year-ago value of 2,270 .
Analysts expect 'Total Square Footage - Retail Square Feet' to come in at 111.67 million. Compared to the present estimate, the company reported 113.00 million in the same quarter last year.
Shares of Albertsons Companies have demonstrated returns of +7.7% over the past month compared to the Zacks S&P 500 composite's +0.8% change. With a Zacks Rank #3 (Hold), ACI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q4 Potential of Albertsons Companies (ACI): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Albertsons Companies, Inc. (ACI - Free Report) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year decline of 6.5%. It is anticipated that revenues will amount to $20.49 billion, exhibiting an increase of 9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Albertsons Companies metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Fuel' will reach $839.94 million. The estimate suggests a change of +2% year over year.
The consensus among analysts is that 'Number of stores at end of quarter' will reach 2,240 . The estimate compares to the year-ago value of 2,270 .
Analysts expect 'Total Square Footage - Retail Square Feet' to come in at 111.67 million. Compared to the present estimate, the company reported 113.00 million in the same quarter last year.
View all Key Company Metrics for Albertsons Companies here>>>Shares of Albertsons Companies have demonstrated returns of +7.7% over the past month compared to the Zacks S&P 500 composite's +0.8% change. With a Zacks Rank #3 (Hold), ACI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .