Grocery Outlet (NYSE:GO) Releases FY 2019 After-Hours Earnings Guidance
Grocery Outlet (NYSE:GO) issued an update on its FY 2019
After-Hours earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.73-0.74 for the period, compared to the Thomson Reuters consensus estimate of $0.72. The company issued revenue guidance of $$2.55 billion, compared to the consensus revenue estimate of $$2.55 billion.
Grocery Outlet stock traded up $0.83 during trading hours on Tuesday, hitting $32.60. The company had a trading volume of 9,739 shares, compared to its average volume of 769,049. Grocery Outlet has a 1 year low of $27.75 and a 1 year high of $47.57. The business’s 50-day simple moving average is $32.03.
Grocery Outlet (NYSE:GO) last released its quarterly earnings data on Monday, November 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $652.50 million during the quarter, compared to analysts’ expectations of $652.60 million. Grocery Outlet’s revenue for the quarter was up 13.1% on a year-over-year basis.
Several equities research analysts have issued reports on GO shares. Deutsche Bank boosted their price objective on shares of Grocery Outlet from $40.00 to $43.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Barclays reissued a hold rating and issued a $37.00 price objective on shares of Grocery Outlet in a research report on Thursday, August 15th. Zacks Investment Research cut shares of Grocery Outlet from a buy rating to a hold rating in a research report on Tuesday, November 12th. Jefferies Financial Group set a $51.00 price target on shares of Grocery Outlet and gave the company a buy rating in a report on Tuesday, October 8th. Finally, Bank of America boosted their price target on shares of Grocery Outlet from $37.00 to $40.00 and gave the company a neutral rating in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $39.89. https://newsfilter.io/articles/grocery-outlet-nysego-releases-fy-2019-after-hours-earnings-guidance-a4eb79b988e9b977536eb20e2eacd2c2