Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results
Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results
Grocery Outlet updated its FY24 EPS guidance from 89 cents-95 cents to 77 cents-80 cents. The company also updated its revenue forecast from $4.30 billion-$4.35 billion to slightly above $4.35 billion.Grocery Outlet Holding Corp (NASDAQ:GO) reported upbeat earnings for its third quarter on Tuesday.
grocery outlet控股公司（納斯達克：GO）週二報告了第三季度的盈利情況。
The company posted quarterly earnings of 28 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $1.11 billion which beat the analyst consensus estimate of $1.10 billion.
該公司每股盈利28美分，超過了分析師一致預期的27美分。該公司季度銷售額爲11.1億美元，超過了分析師一致預期的11億美元。
Eric Lindberg, Chairman and Interim President and CEO of Grocery Outlet said, "Our double-digit third quarter net sales growth reflects the strong positioning of our consumer offering – value continues to win in the market and we continue to grow our share of consumer non-discretionary spending."
Grocery Outlet的董事長兼代總裁兼首席執行官Eric Lindberg表示：「我們第三季度淨銷售額增長達兩位數，反映了我們消費者優惠的強勢定位 - 在市場上價值仍然取勝，我們繼續擴大消費者非福利性支出佔比。」
Grocery Outlet updated its FY24 EPS guidance from 89 cents-95 cents to 77 cents-80 cents. The company also updated its revenue forecast from $4.30 billion-$4.35 billion to slightly above $4.35 billion.
grocery outlet將其2024財年每股收益指引從89美分至95美分下調至77美分至80美分。該公司還將營業收入預測從43億至43.5億美元調整至略高於435億美元。
Grocery Outlet shares gained 10.4% to trade at $16.08 on Wednesday.
grocery outlet股價週三上漲10.4%，報收16.08美元。
These analysts made changes to their price targets on Grocery Outlet following earnings announcement.
這些分析師根據盈利公告調整了對grocery outlet的目標股價。
- TD Cowen analyst Oliver Chen downgraded Grocery Outlet from Buy to Hold and lowered the price target from $25 to $16.
- Craig-Hallum analyst Jeremy Hamblin maintained Grocery Outlet with a Hold and lowered the price target from $20 to $17.
- Wells Fargo analyst Anthony Bonadio maintained the stock with an Overweight and slashed the price target from $26 to $23.
- Deutsche Bank analyst Paul Trussell maintained Grocery Outlet with a Buy and lowered the price target from $29 to $26.
- Telsey Advisory Group analyst Joseph Feldman maintained the stock with a Market Perform and lowered the price target from $19 to $18.
- Roth MKM analyst Bill Kirk maintained Grocery Outlet with a Neutral and cut he price target from $20 to $16.
- UBS analyst Michael Lasser maintained the stock with a Neutral and lowered the price target from $21 to $16.
- TD Cowen分析師Oliver Chen將grocery outlet的評級從買入調降至持有，並將目標股價從25美元下調至16美元。
- Craig-Hallum分析師Jeremy Hamblin維持對grocery outlet的持有評級，並將目標股價從20美元下調至17美元。
- 富國銀行分析師安東尼·博納迪維持該股票爲增持，將目標價格從26美元降至23美元。
- 德意志銀行分析師保羅·特魯塞爾維持Grocery Outlet爲買入，並將目標價格從29美元調降至26美元。
- Telsey諮詢集團分析師約瑟夫·費爾德曼維持該股票爲市場表現，將目標價格從19美元調降至18美元。
- Roth MKm分析師比爾·柯克維持Grocery Outlet爲中立，並將目標價格從20美元削減至16美元。
- 瑞銀分析師邁克爾·拉瑟維持該股票爲中立，將目標價格從21美元調降至16美元。
Considering buying GO stock? Here's what analysts think:
考慮購買GO股票嗎？這是分析師的看法：
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譯文內容由第三人軟體翻譯。
