Earnings Preview: Rite Aid
Portfolio Pulse from Benzinga Insights
Rite Aid (NYSE:RAD) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $-1.46. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying share price changes. The stock is currently trading at $1.59, down 76.75% over the last 52-week period.
June 28, 2023 | 2:01 pm
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NEUTRAL IMPACT
Rite Aid's upcoming earnings report could potentially impact its stock price. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying share price changes. The stock is currently down 76.75% over the last 52-week period.
Rite Aid's stock price has shown to be sensitive to its earnings reports. Given the company's mixed history of beating and missing EPS estimates, it's uncertain how the upcoming report will impact the stock price. However, given the stock's significant decline over the past year, the earnings report could be a crucial factor for investors.
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