SUPERVALU Inc. (NYSE:SVU) is trading down -0.60% versus 12-month low of 3.33 and stands -46.35% lower from its 1-year peak of $6.17. The consensus price target (PT) of $5.04 means that the market expects Company shares to increase by 50.4% in the short run. The sell-side target prices range from $4 to $6. In the last month the stock has moved in price -11.50%, with a one year change of -40.47%. The last trading session volume compares with the 4.02M average and market worth floats around 896.71M.
SUPERVALU Inc. (NYSE:SVU) fell -1.19% to reach at the trading price of $3.31 as it is set to release its next quarterly earnings report on May 02, 2017. SUPERVALU Inc. stock trades in the range of $3.31 to $3.42 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.09 a share with $2.89B in revenue.
SUPERVALU Inc. (SVU) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast SUPERVALU Inc. to earn $0.13 per share (EPS) on revenue of $3.94B. The EPS consensus range is $0.09-$0.15 on revenue between $4.03B and $3.73B.
While if we look at the Earnings Track Record, SUPERVALU Inc. (SVU) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, SUPERVALU Inc. (SVU) generated $0.05 in earnings per share, missing the consensus estimate of $0.13. Revenues hit $3B in the November 2017 quarter, which was above the consensus $3.9B projection. On the other hand, in the August 2017 quarter the company recorded a net $3.87B revenue with earnings per share of $0.10. Wall Street had anticipated $3.94B and $0.10, respectively. For comparison, there was a revenue of $5.2B and EPS of $0.19 in the May 2016 period.
SUPERVALU Inc. (NYSE:SVU) Analyst Insights
The buoyancy in the outlook of SUPERVALU Inc. (SVU) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Telsey Advisory Group has been covering shares of SVU, so it is most recent view is worth a look. In a research note issued on Jan 14, 2016, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Jan 14, 2016. Downgraded the stock to Market Perform from Outperform.