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.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Craig Hallum dropped their price objective on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their price target on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a report on Friday, November 1st. TD Cowen cut shares of Grocery Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $16.00 in a research note on Wednesday, November 6th. Bank of America cut Grocery Outlet from a “buy” rating to a “neutral” rating and dropped their price target for the company from $29.00 to $17.00 in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Grocery Outlet from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.00.

Grocery Outlet Stock Down 0.4 %

Shares of GO stock traded down $0.06 during trading on Tuesday, hitting $15.74. 2,716,051 shares of the company were exchanged, compared to its average volume of 1,945,101. Grocery Outlet has a twelve month low of $13.60 and a twelve month 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 firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 9.08 and a beta of 0.32. The business’s 50-day simple moving average is $16.28 and its 200 day simple moving average is $17.21.

Grocery Outlet (NASDAQ:GO) last posted its quarterly 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, analysts forecast that Grocery Outlet will post 0.63 EPS for the current fiscal year.

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.