Rite Aid Corp First Quarter Earnings Sneak Peek

Rite Aid Corp (NYSE:RAD) will unveil its latest earnings on Thursday, June 23, 2011. Rite Aid Corporation 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 analyst is estimating a loss of 12 cents per share, a wider loss from the year earlier quarter net loss of 9 cents. Estimates range from net loss of 16 cents per share to a loss of 6 cents per share. Over the past three months, the consensus estimate has moved down from a loss of 9 cents. Over the past month, the consensus estimate has moved down from a loss of 13 cents.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net loss of 24 cents per share against a mean estimate of 21 cents. Two quarters ago, it beat expectations by 4 cents with a loss of 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $6.36 billion in revenue this quarter, a decline of 0.5% from the year ago quarter. Analysts are forecasting total revenue of $25.65 billion for the year after last year’s revenue of $25.21 billion.

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

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 0.1% to $6.46 billion in fourth quarter of the last fiscal year. The figure fell 2.4% in the third quarter from the year earlier, dropped 2.5% in second quarter from the year-ago quarter and 2.1% in the first quarter.

Competitors to Watch: Walgreen Company (NYSE:WAG), PetMed Express, Inc. (NASDAQ:PETS), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), CVS Caremark Corporation (NYSE:CVS) and China Nepstar Chain Drugstore Ltd. (NYSE:NPD).

Recent Price Movement: From a month ago, the stock price has dropped 13 cents (-11.1%) from $1.17 on May 18, 2011 to $1.04 on June 15, 2011. The stock price saw one of its best stretches over the last year between January 24, 2011 and January 27, 2011 when shares rose for four-straight days, rising 23.3% (+24 cents) over that span. It saw one of its worst periods between March 14, 2011 and March 18, 2011 when shares fell for five-straight days, falling 11.7% (-13 cents) over that span. Shares are up 16 cents (+18.2%) year to date.

(Source: Xignite Financials)

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