Seeking Clues to Albertsons Companies (ACI) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - Analysts project that Albertsons Companies, Inc. (ACI) will report quarterly earnings of $0.39 per share, reflecting a year-over-year decline of 23.5% [1] - Revenue is expected to reach $18.9 billion, which is an increase of 1.9% compared to the same quarter last year [1] Earnings Estimates - The current EPS estimate represents an upward revision of 1.3% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Metrics Projections - Analysts expect 'Revenues- Fuel' to be approximately $951.30 million [4] - The estimated 'Number of stores at end of quarter' is projected to be 2,267, unchanged from the previous year [5] - 'Total Square Footage - Retail Square Feet' is forecasted to reach 112.93 million, slightly up from 112.80 million year-over-year [5] Stock Performance - Over the past month, Albertsons Companies shares have declined by 6.5%, contrasting with a 4% increase in the Zacks S&P 500 composite [5] - Based on its Zacks Rank 3 (Hold), ACI is expected to perform in line with the overall market in the near term [5]