Safeway (NYSE: SWY ) is expected to report Q3 earnings around Oct. 11. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Safeway's revenues will expand 1.8% and EPS will grow 10.5%.
The average estimate for revenue is $10.24 billion. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Safeway notched revenue of $10.39 billion. GAAP reported sales were 1.9% higher than the prior-year quarter's $10.20 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.51. GAAP EPS of $0.51 for Q2 were 24% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 26.3%, 70 basis points worse than the prior-year quarter. Operating margin was 2.4%, 30 basis points worse than the prior-year quarter. Net margin was 1.2%, 20 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $44.46 billion. The average EPS estimate is $1.97.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 361 members out of 442 rating the stock outperform, and 81 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Safeway a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Safeway is hold, with an average price target of $20.84.
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