The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Safeway's revenues will increase 1.5% and EPS will increase 17.1%.
The average estimate for revenue is $10.35 billion. On the bottom line, the average EPS estimate is $0.48.
Last quarter, Safeway recorded revenue of $10.00 billion. GAAP reported sales were 2.4% higher than the prior-year quarter's $9.77 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 $0.30. GAAP EPS of $0.27 for Q1 were 286% higher than the prior-year quarter's $0.07 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 26.8%, 70 basis points worse than the prior-year quarter. Operating margin was 1.9%, 30 basis points worse than the prior-year quarter. Net margin was 0.7%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $44.46 billion. The average EPS estimate is $1.95.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 339 members out of 414 rating the stock outperform, and 75 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Safeway a green thumbs-up, and 21 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 $21.18.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.