Rite Aid RAD announces its next round of earnings Wednesday. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
Wall Street expects EPS loss of 2 cents and sales around $7 billion.
In the same quarter last year, Rite Aid announced EPS of 9 cents on revenue of $8 billion.The current analyst consensus estimate would represent a 200 percent decrease in the company's earnings. Sales would be down from the same quarter last year.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | 0.01 | -0.01 | -0.02 |
EPS Actual | -0.01 | -0.05 | 0 |
Q3 EPS Estimate: -0.02
Q3 Revenues Estimate: $7 billion
Stock Performance
Shares of Rite Aid were trading at $2.13 as of January 2. Shares are up 8.12 percent year to date. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release. Analysts' have adjusted their estimates lower for EPS and revenues over the past 90 days. The most common rating from analysts on Rite Aid stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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