Key TakeawaysAlbertsons is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the grocery chain's proposed merger with Kroger fell apart last month after months of legal challenges.All the analysts covering Albertsons tracked by Visible Alpha expect the stock to rise in the coming months. The analysts expect Q3 revenue to have risen year-over-year but profit to have fallen.The grocery chains called off their merger last month, and have since accused each other of viola ...

CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting new economic data from the nonfarm payroll report and the latest purchasing managers' index, as well as earnings from grocery giant Albertsons."It's a light week, but still impactful, accept that people will be on edge ahead of Friday's employment report," he said. "Still, I think you should do some buying if the market gets hammered. As we saw today, it's not nearly as bad out there as so many think."Monday's PMI r ...

Analysts on Wall Street project that Albertsons Companies, Inc. (ACI) will announce quarterly earnings of $0.66 per share in its forthcoming report, representing a decline of 16.5% year over year. Revenues are projected to reach $18.8 billion, increasing 1.3% from the same quarter last year.The current level reflects an upward revision of 2.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial ...

Wall Street is notoriously unpredictable. However, predicting the next year can be a fun exercise. Below are my five predictions for 2025:Prediction #1: Small Caps Will OutperformRecently, large-cap technology companies have been the most dominant stocks on Wall Street from an earnings and performance perspective. For example, the mega-cap tech-laden Nasdaq 100 Index ETF ((QQQ) has ballooned ~155% over the past five years, while the small cap Russell 2000 Index ETF ((IWM) is up only 47%. Below are two reaso ...

If you're concerned about rising valuations in the stock market or just want some reliable income for your portfolio, now may be an optimal time to load on dividend stocks, many of which are looking incredibly cheap. While growth investors have largely looked past dividend stocks this year, the good news is that if you're targeting these types of investments right now, you don't have to look far to find some good deals.Three stocks that pay you more than the S&P 500 average yield of 1.2% and which are tradi ...

Schools Tax Fight With Clarendon Hills Appears Over A Hinsdale District 86 official called the new tax district "pretty fantastic." Clarendon Hills' proposal for a downsized tax district along 55th Street got a good reception at Thursday's meeting of the Hinsdale High School District 86 board. (David Giuliani/Patch) HINSDALE, IL – Hinsdale High School District 86 officials sounded satisfied Thursday with a downsized tax district in Clarendon Hills. For months, the district had opposed a larger tax increment ...

Key TakeawaysShares of companies with large mergers got a boost Wednesday after Donald Trump won the U.S. presidential election. Trump campaigned on a platform that included cutting government regulation.The outcome of the vote lifted optimism that the Discover-Capital One and Kroger-Albertsons deals will be completed. It may also have lifted shares of Cleveland-Cliffs, which has tried to acquire U.S. Steel. Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shar ...

Albertsons Companies, Inc. (ACI) reported second-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. While net sales increased, earnings decreased from the year-ago period. We note that ACI remains focused on its "Customers for Life" strategy, which fueled growth in both digital sales and pharmacy operations. The company also achieved year-over-year increases in loyalty members and omnichannel shoppers, alongside accelerated growth in the Albertsons Media Collect ...

Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept. 7, the food and drug retailer also reported a 15% increase in its loyalty members, bringing the total to 43 million, according to a Tuesday (Oct. 15) earnings release. "In the second quarter of fiscal 2024, investments in our Customers for Life strategy continued to drive strong growth in our digital sales and pharmacy operations," Vivek Sankaran, CEO of ...

For the quarter ended August 2024, Albertsons Companies, Inc. (ACI) reported revenue of $18.55 billion, up 1.4% over the same period last year. EPS came in at $0.51, compared to $0.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $18.45 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...