Earnings Preview: Albertsons Companies

Albertsons Companies (NYSE:ACI) is set to give its latest quarterly earnings report on Tuesday, 2024-10-15. Here's what investors need to know before the announcement.

Analysts estimate that Albertsons Companies will report an earnings per share (EPS) of $0.48.

Investors in Albertsons Companies are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

In the previous earnings release, the company missed EPS by $0.01, leading to a 0.1% drop in the share price the following trading session.

Here's a look at Albertsons Companies's past performance and the resulting price change:

Quarter	Q1 2024	Q4 2023	Q3 2023	Q2 2023
EPS Estimate	0.67	0.52	0.65	0.56
EPS Actual	0.66	0.54	0.79	0.63
Price Change %	-0.0%	0.0%	-0.0%	-0.0%

Tracking Albertsons Companies's Stock Performance

Shares of Albertsons Companies were trading at $18.37 as of October 11. Over the last 52-week period, shares are down 19.3%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for Albertsons Companies visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.