Albertsons Companies Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - Albertsons Companies, Inc. is set to release its Q1 earnings results on July 15, with expected earnings of 54 cents per share, a decrease from 66 cents per share in the same period last year [1] - The company anticipates quarterly revenue of $24.69 billion, an increase from $24.27 billion a year earlier [1] Group 2 - On May 14, Albertsons launched its Own Brand, Chef's Counter™, aimed at providing chef-inspired flavors in a convenient and affordable manner [2] - Following the announcement, Albertsons shares rose by 3.7%, closing at $22.74 [2] Group 3 - Analysts have provided various ratings for Albertsons, with Telsey Advisory Group maintaining an Outperform rating and a price target of $24 [5] - BMO Capital upgraded the stock from Market Perform to Outperform, raising the price target from $19 to $25 [5] - JP Morgan maintained an Overweight rating and increased the price target from $24 to $31 [5] - Tigress Financial kept a Buy rating and raised the price target from $27 to $28 [5] - Evercore ISI Group maintained an In-Line rating but reduced the price target from $23 to $22 [5]