A Look Ahead: Grocery Outlet Holding's Earnings Forecast

Grocery Outlet Holding (NASDAQ:GO) is set to give its latest quarterly earnings report on Tuesday, 2024-11-05. Here's what investors need to know before the announcement.

Analysts estimate that Grocery Outlet Holding will report an earnings per share (EPS) of $0.27.

The announcement from Grocery Outlet Holding is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings Track Record

Last quarter the company beat EPS by $0.05, which was followed by a 5.88% increase in the share price the next day.

Here's a look at Grocery Outlet Holding's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.20

0.18

0.16

0.27

EPS Actual

0.25

0.09

0.18

0.31

Price Change %

6.0%

-19.0%

-1.0%

-5.0%

Performance of Grocery Outlet Holding Shares

Shares of Grocery Outlet Holding were trading at $15.05 as of November 01. Over the last 52-week period, shares are down 47.75%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Observations about Grocery Outlet Holding

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the ...