Insights Into Albertsons Companies (ACI) Q3: Wall Street Projections for Key Metrics

Core Viewpoint - Analysts project that Albertsons Companies, Inc. (ACI) will report quarterly earnings of $0.66 per share, reflecting a year-over-year decline of 16.5$18.8 billion, an increase of 1.3% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 2.5% over the past 30 days, indicating a collective reassessment by analysts [2]. - It is crucial to consider revisions to earnings projections prior to a company's earnings release, as these revisions are a key indicator of potential investor behavior regarding the stock [3]. Key Metrics Forecast - Analysts project 'Revenues- Fuel' to reach $976.68 million, indicating a year-over-year decline of 6.7% [5]. - The consensus estimate for the 'Number of stores at end of quarter' is 2,267, slightly down from 2,271 a year ago [5]. - 'Total Square Footage - Retail Square Feet' is forecasted to be 112.78 million, compared to 112.9 million from the previous year [5]. Market Performance - Shares of Albertsons Companies have increased by 2.7% over the past month, contrasting with a decline of 2.8% in the Zacks S&P 500 composite [6]. - With a Zacks Rank 2 (Buy), ACI is anticipated to outperform the overall market in the near future [6].