Grocery Outlet (NASDAQ:GO) Issues FY 2025 Earnings Guidance

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.700-0.750 for the period, compared to the consensus estimate of 0.940. The company issued revenue guidance of $4.7 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Grocery Outlet also updated its FY 2025 guidance to 0.700-0.750 EPS.

Grocery Outlet Price Performance

Grocery Outlet stock traded down $0.06 during midday trading on Tuesday, reaching $15.74. 2,716,051 shares of the stock traded hands, compared to its average volume of 1,945,101. The stock has a market cap of $1.53 billion, a P/E ratio of 30.86, a PEG ratio of 9.08 and a beta of 0.32. Grocery Outlet has a 12 month low of $13.60 and a 12 month high of $29.19. The stock’s fifty day moving average is $16.28 and its 200-day moving average is $17.21. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Tuesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. As a group, equities research analysts anticipate that Grocery Outlet will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Craig Hallum dropped their target price on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. TD Cowen cut shares of Grocery Outlet from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $16.00 in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Grocery Outlet from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price objective on shares of Grocery Outlet in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Grocery Outlet currently has a consensus rating of “Hold” and an average target price of $18.00.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.