Grocery Outlet (NASDAQ:GO) Releases 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 guidance of 0.700-0.750 for the period, compared to the consensus earnings per share 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 Stock Down 0.4 %

Shares of GO traded down $0.06 during mid-day trading on Tuesday, reaching $15.74. The company had a trading volume of 2,716,051 shares, compared to its average volume of 1,945,101. Grocery Outlet has a 52 week low of $13.60 and a 52 week high of $29.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The firm has a 50-day moving average price of $16.28 and a 200 day moving average price of $17.21.

Grocery Outlet (NASDAQ:GO) last released its earnings results on Tuesday, February 25th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. On average, sell-side analysts forecast that Grocery Outlet will post 0.63 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on GO. Roth Mkm decreased their price target on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Grocery Outlet from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company lowered their price objective on shares of Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Finally, Bank of America downgraded shares of Grocery Outlet from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $17.00 in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

About Grocery Outlet

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.