Rite Aid Corp Fourth Quarter Earnings Sneak Peek

Rite Aid Corp (NYSE:RAD) will unveil its latest earnings on Thursday, April 12, 2012. Rite Aid operates a retail drugstore chain in the United States. It operates its drugstores in 31 states across the country and in the District of Columbia.

Rite Aid Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 12 cents per share, a narrower loss from the year-earlier quarter net loss of 24 cents. During the past three months, the average estimate has moved up from a loss of 14 cents. Between one and three months ago, the average estimate moved up. It has risen from a loss of 13 cents during the last month.

Past Earnings Performance: Last quarter, the company reported a loss of 6 cents per share versus a mean estimate of net loss of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $7.03 billion in revenue this quarter, a rise of 8.8% from the year-ago quarter. Analysts are forecasting total revenue of $26.01 billion for the year, a rise of 3.2% from last year’s revenue of $25.21 billion.

Stock Price Performance: Between January 10, 2012 and April 5, 2012, the stock price rose 42 cents (32.1%), from $1.31 to $1.73. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 14, 2012, when shares rose for seven straight days, increasing 23.5% (+39 cents) over that span. It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight days, dropping 11.8% (-13 cents) over that span.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $52 million (6 cents a share) from a loss of $79.1 million (9 cents) a year earlier, beating analyst expectations. Revenue rose 1.8% to $6.31 billion from $6.2 billion.

Key Stats:

After a revenue rise last quarter, the company has a chance with this earnings announcement to make it three-straight quarters of top line increases. Revenue rose 1.8% in the second quarter before climbing agian in the fourth quarter.

Analyst Ratings: Analysts seem relatively indifferent about Rite Aid with three of four analysts surveyed maintaining a hold rating.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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