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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GO. Roth Mkm reduced their price objective on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Telsey Advisory Group cut their price objective on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday. UBS Group reduced their price target on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their price objective on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.25.

Grocery Outlet Trading Up 4.8 %

NASDAQ GO traded up $0.53 on Thursday, reaching $11.52. The company had a trading volume of 4,051,057 shares, compared to its average volume of 2,366,423. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 9.08 and a beta of 0.32. Grocery Outlet has a 52 week low of $10.26 and a 52 week high of $29.19. The stock’s 50 day moving average is $16.14 and its 200-day moving average is $17.14. 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 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.