Albertsons (ACI) To Report Earnings Tomorrow: Here Is What To Expect

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

ACI Cover Image

Grocery retailer Albertsons (NYSE: ACI) will be reporting results this Tuesday before the bell. Here’s what to look for.

Albertsons beat analysts’ revenue expectations last quarter, reporting revenues of $24.94 billion, flat year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.

Is Albertsons a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Albertsons’s revenue to be flat year on year, slowing from the 2% increase it recorded in the same quarter last year.

Albertsons Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Albertsons has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Albertsons’s peers in the non-discretionary retail segment, only Costco has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 11.1%. The stock traded up 2.9% on the results.

Read our full analysis of Costco’s earnings results here.

Investors in the non-discretionary retail segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Albertsons is down 3.6% during the same time and is heading into earnings with an average analyst price target of $14.19 (compared to the current share price of $12.23).

ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.

AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  262.43
+8.37 (3.29%)
AAPL  336.64
-3.78 (-1.11%)
AMD  608.10
-12.58 (-2.03%)
BAC  54.32
+0.71 (1.32%)
GOOG  347.86
+3.00 (0.87%)
META  718.67
-2.22 (-0.31%)
MSFT  535.07
+12.46 (2.38%)
NVDA  229.28
-1.20 (-0.52%)
ORCL  141.40
+6.21 (4.59%)
TSLA  382.70
+7.70 (2.05%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.