Woolworths Group (WOLWF) Projected to Announce Earnings on Wednesday

Woolworths Group (OTCMKTS:WOLWF) is projected to announce its results before the market opens on Wednesday, August 26th. Analysts expect Woolworths Group to post earnings of $0.3880 per share and revenue of $23.8276 billion for the quarter.

Woolworths Group Price Performance

WOLWF opened at $30.16 on Monday. The business has a fifty day simple moving average of $29.16 and a 200-day simple moving average of $25.83. Woolworths Group has a fifty-two week low of $16.00 and a fifty-two week high of $30.82.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WOLWF shares. Citigroup downgraded Woolworths Group to a “sell” rating in a report on Wednesday, July 15th. The Goldman Sachs Group cut Woolworths Group from a “buy” rating to a “neutral” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Woolworths Group has an average rating of “Reduce” and an average price target of $37.00.

About Woolworths Group

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.