Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results
Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results
Grocery Outlet updated its FY24 EPS guidance from 89 cents-95 cents to 77 cents-80 cents. The company also updated its revenue forecast from $4.30 billion-$4.35 billion to slightly above $4.35 billion.Grocery Outlet Holding Corp (NASDAQ:GO) reported upbeat earnings for its third quarter on Tuesday.
杂货店控股公司（纳斯达克股票代码：GO）周二公布了乐观的第三季度收益。
The company posted quarterly earnings of 28 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $1.11 billion which beat the analyst consensus estimate of $1.10 billion.
该公司公布的季度收益为每股28美分，超过了分析师普遍预期的每股27美分。该公司公布的季度销售额为11.1亿美元，超过了分析师共识估计的11.0亿美元。
Eric Lindberg, Chairman and Interim President and CEO of Grocery Outlet said, "Our double-digit third quarter net sales growth reflects the strong positioning of our consumer offering – value continues to win in the market and we continue to grow our share of consumer non-discretionary spending."
Grocery Outlet董事长兼临时总裁兼首席执行官埃里克·林德伯格表示：“我们第三季度两位数的净销售增长反映了我们消费者产品的强劲定位——价值继续在市场上获胜，我们在消费者非全权支出中的份额继续增长。”
Grocery Outlet updated its FY24 EPS guidance from 89 cents-95 cents to 77 cents-80 cents. The company also updated its revenue forecast from $4.30 billion-$4.35 billion to slightly above $4.35 billion.
杂货店将其24财年每股收益预期从89美分至95美分更新至77美分至80美分。该公司还将其收入预测从43.0亿美元至43.5亿美元更新至略高于43.5亿美元。
Grocery Outlet shares gained 10.4% to trade at $16.08 on Wednesday.
周三，杂货店股价上涨10.4％，至16.08美元。
These analysts made changes to their price targets on Grocery Outlet following earnings announcement.
财报公布后，这些分析师更改了杂货店的目标股价。
- TD Cowen analyst Oliver Chen downgraded Grocery Outlet from Buy to Hold and lowered the price target from $25 to $16.
- Craig-Hallum analyst Jeremy Hamblin maintained Grocery Outlet with a Hold and lowered the price target from $20 to $17.
- Wells Fargo analyst Anthony Bonadio maintained the stock with an Overweight and slashed the price target from $26 to $23.
- Deutsche Bank analyst Paul Trussell maintained Grocery Outlet with a Buy and lowered the price target from $29 to $26.
- Telsey Advisory Group analyst Joseph Feldman maintained the stock with a Market Perform and lowered the price target from $19 to $18.
- Roth MKM analyst Bill Kirk maintained Grocery Outlet with a Neutral and cut he price target from $20 to $16.
- UBS analyst Michael Lasser maintained the stock with a Neutral and lowered the price target from $21 to $16.
- 道明考恩分析师奥利弗·陈将杂货店的评级从买入下调至持有，并将目标股价从25美元下调至16美元。
- Craig-Hallum分析师杰里米·汉布林维持杂货店的持仓状态，并将目标股价从20美元下调至17美元。
- 富国银行分析师安东尼·博纳迪奥维持该股增持，并将目标股价从26美元下调至23美元。
- 德意志银行分析师保罗·特鲁塞尔维持杂货店的买入，并将目标股价从29美元下调至26美元。
- 泰尔西咨询集团分析师约瑟夫·费尔德曼维持该股的市场表现，并将目标股价从19美元下调至18美元。
- Roth mKM分析师比尔·柯克维持杂货店的中性价格，并将目标股价从20美元下调至16美元。
- 瑞银分析师迈克尔·拉瑟将该股维持在中性水平，并将目标股价从21美元下调至16美元。
Considering buying GO stock? Here's what analysts think:
考虑购买 GO 股票？以下是分析师的想法：
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