Rite Aid's Earnings Outlook

Rite Aid's Earnings Outlook

Rite Aid RAD is set to give its latest quarterly earnings report on Thursday, 2022-09-29. Here's what investors need to know before the announcement.

Analysts estimate that Rite Aid will report an earnings per share (EPS) of $-0.55.

Rite Aid bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.10, which was followed by a 7.95% increase in the share price the next day.

Here's a look at Rite Aid's past performance and the resulting price change:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate -0.7 -0.56 -0.14 -0.48
EPS Actual -0.6 -1.63 0.15 -0.41
Price Change % 7.95% -3.6% -7.97% 3.3%

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate -0.7 -0.56 -0.14 -0.48
EPS Actual -0.6 -1.63 0.15 -0.41
Price Change % 7.95% -3.6% -7.97% 3.3%

Stock Performance

Shares of Rite Aid were trading at $6.56 as of September 27. Over the last 52-week period, shares are down 54.16%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Rite Aid visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-EPEarnings