Safeway (NYSE: SWY ) is expected to report Q4 earnings around Feb. 21. 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 1.0% and EPS will grow 11.9%.
The average estimate for revenue is $13.74 billion. On the bottom line, the average EPS estimate is $0.75.
Last quarter, Safeway logged revenue of $10.05 billion. GAAP reported sales were 0.2% lower than the prior-year quarter's $10.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.45. GAAP EPS of $0.66 for Q3 were 74% higher than the prior-year quarter's $0.38 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 26.4%, 60 basis points worse than the prior-year quarter. Operating margin was 2.2%, 30 basis points worse than the prior-year quarter. Net margin was 1.6%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $44.13 billion. The average EPS estimate is $1.99.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 370 members out of 456 rating the stock outperform, and 86 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 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 $18.12.
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