Rite Aid
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Rite Aid's revenues will wane -10.1% and EPS will remain in the red.
The average estimate for revenue is $6.42 billion. On the bottom line, the average EPS estimate is -$0.01.
Revenue details
Last quarter, Rite Aid reported revenue of $6.24 billion. GAAP reported sales were 1.2% lower than the prior-year quarter's $6.31 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, EPS came in at $0.07. GAAP EPS were $0.07 for Q3 versus -$0.06 per share for the prior-year quarter.
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 29.0%, 250 basis points better than the prior-year quarter. Operating margin was 3.2%, 180 basis points better than the prior-year quarter. Net margin was 1.0%, 180 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $25.32 billion. The average EPS estimate is $0.00.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 844 members out of 1,013 rating the stock outperform, and 169 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Rite Aid a green thumbs-up, and 42 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rite Aid is hold, with an average price target of $1.70.
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