Albertsons Companies Inc reports results for the quarter ended May 31 - Earnings Summary

• Albertsons Companies Inc ACI reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 48 cents to 59 cents per share.

• Revenue rose 2.5% to $24.88 billion from a year ago; analysts expected $24.73 billion.

• Albertsons Companies Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $236.4 million.

• Albertsons Companies Inc shares had risen by 2.9% this quarter and gained 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food retail & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Albertsons Companies Inc is $24.50, about 9.7% above its last closing price of $22.13

This summary was machine generated from LSEG data July 15 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)