Safeway
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Safeway's revenues will grow 0.5% and EPS will shrink -2.0%.
The average estimate for revenue is $10.44 billion. On the bottom line, the average EPS estimate is $0.50.
Revenue details
Last quarter, Safeway logged revenue of $9.99 billion. GAAP reported sales were 0.1% lower than the prior-year quarter's $10.00 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.35. GAAP EPS of $0.49 for Q1 were 81% higher than the prior-year quarter's $0.27 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 26.7%, 10 basis points worse than the prior-year quarter. Operating margin was 1.8%, 10 basis points worse than the prior-year quarter. Net margin was 1.2%, 50 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $44.79 billion. The average EPS estimate is $2.22.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 379 members out of 461 rating the stock outperform, and 82 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give Safeway a green thumbs-up, and 19 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 $23.50.
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