Grocery Outlet Holding Corp (GO, Financial) is set to release its Q3 2024 earnings on Nov 5, 2024. The consensus estimate for Q3 2024 revenue is $1.10 billion, and the earnings are expected to come in at $0.18 per share. The full year 2024's revenue is expected to be $4.37 billion and the earnings are expected to be $0.46 per share. More detailed estimate data can be found on the Forecast page.
Grocery Outlet Holding Corp (GO, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Grocery Outlet Holding Corp (GO) for the full year 2024 have increased from $4.35 billion to $4.37 billion, and for 2025, have declined from $4.76 billion to $4.75 billion. Earnings estimates have seen a decrease, from $0.54 per share to $0.46 per share for the full year 2024, and from $0.76 per share to $0.72 per share for 2025.
Grocery Outlet Holding Corp (GO, Financial) Reported History
In the previous quarter of 2024-06-30, Grocery Outlet Holding Corp's (GO) actual revenue was $1.13 billion, which beat analysts' revenue expectations of $1.10 billion by 2.34%. Grocery Outlet Holding Corp's (GO) actual earnings were $0.14 per share, which beat analysts' earnings expectations of $0.106 per share by 32.08%. After releasing the results, Grocery Outlet Holding Corp (GO) was up by 5.88% in one day.
Grocery Outlet Holding Corp (GO, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 13 analysts, the average target price for Grocery Outlet Holding Corp (GO) is $20.23 with a high estimate of $29 and a low estimate of $14. The average target implies an upside of 34.42% from the current price of $15.05.
Based on GuruFocus estimates, the estimated GF Value for Grocery Outlet Holding Corp (GO, Financial) in one year is $38.9, suggesting an upside of 158.47% from the current price of $15.05.
Based on the consensus recommendation from 15 brokerage firms, Grocery Outlet Holding Corp's (GO, Financial) average brokerage recommendation is currently 2.9, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
