Grocery Outlet Holding Corp. (NasdaqGS:GO) is scheduled to report Q3 earnings results after markets close for trading on November 10, 2020.
The company is expected to report earnings of $0.23/share on revenue of $758.5 million. The consensus earnings per share (EPS) of $0.23/share is based on a poll of 13 analysts and represents a growth in eps of 6.1% over the same quarter last year, when the company reported earnings of $0.22/share.
The revenue forecast of $758.5 million based on a poll of 11 analysts implies a year-over-year (YoY) growth in revenue of 16.2%. Last year the company reported $652.5 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Management has been great at managing analyst expectations historically. The company has a perfect record over the last 5 tracked quarters of exceeding earnings guidance.
What are your expectations from Grocery Outlet Holding Corp. for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 27, 2020, the stock price reacted by falling −5.2%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
|August 10, 2020||$45.02||$42.66||−5.2%||Decline|
|May 11, 2020||$36.71||$37.49||2.1%||Increase|
|March 24, 2020||$31.47||$33.45||6.3%||Increase|
|November 11, 2019||$31.11||$32.60||4.8%||Increase|
Fundamentals And Technical Analysis
Grocery Outlet Holding Corp. is currently trading at $44.32/share, down −2.5% for the day. The company is trading at approximately 90.7% of its 52-week high of $48.87/share. The company’s stock price is up 3.9% since the last earnings report and up 1.9% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 61.41 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 63.18 and a forward P/E multiple of 34.41.
Grocery Outlet Holding Corp.’s current share price also implies a price-to-book (P/B) multiple of 4.87. The following table summarizes some other key fundamental ratios:
|Last Reported Fiscal Period Key||FY2020.Q2|
|Period End Date||June 27, 2020|
|Stock Price (Current)||$44.32|
|P/E Ratio (Fwd)||34.4x|
|Total Debt / Total Capital||24.0%|
|Levered Free Cash Flow||$75.813 million|
|EV / EBITDA||37.3x|
Grocery Outlet Holding Corp. is a mid-cap stock with a market capitalization of $4.06 billion and a total enterprise value of $5.295 billion. The company operates in the Consumer Staples sector and the Food & Staples Retailing industry.
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as dairy and deli, produce, and fresh meat and seafood products, as well as grocery, frozen, beer and wine, general merchandise, and health and beauty care products; and natural, organic, specialty, and healthy products. As of December 28, 2019, it had 347 stores, including 342 independent operated stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. The company was founded in 1946 and is headquartered in Emeryville, California.