Grocery Outlet Holding Earnings Preview
Portfolio Pulse from Benzinga Insights
Grocery Outlet Holding (NASDAQ:GO) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts estimating an EPS of $0.16. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 4.6% drop. Shares are currently trading at $25.99, down 3.92% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 26, 2024 | 2:01 pm
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NEUTRAL IMPACT
Grocery Outlet Holding is expected to report an EPS of $0.16 for the latest quarter. Past earnings have shown mixed reactions in stock price, with a notable 4.6% drop after last quarter's beat. The stock is currently down 3.92% over the last year.
Given the mixed reactions to past earnings and the current negative year-to-date performance, the short-term impact of the upcoming earnings report on GO's stock price is uncertain. While a beat and positive guidance could provide a boost, historical reactions suggest investor sentiment may not turn positive immediately.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100