Albertsons Companies Q2 2024 Adj. EPS $0.51 Beats $0.48 Estimate, Sales $18.551B Beat $18.483B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies reported Q2 2024 earnings of $0.51 per share, surpassing the analyst estimate of $0.48. Sales reached $18.551 billion, also beating expectations. Despite the beats, EPS decreased by 19.05% compared to last year.
October 15, 2024 | 12:32 pm
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Albertsons Companies reported better-than-expected Q2 2024 earnings and sales, with EPS at $0.51 beating the $0.48 estimate and sales at $18.551 billion surpassing the $18.483 billion estimate. However, EPS decreased by 19.05% year-over-year.
Albertsons' earnings and sales both exceeded analyst expectations, which is typically positive for stock performance. However, the year-over-year decline in EPS may temper investor enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
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