Rite Aid Corp Third Quarter Earnings Sneak Peek

Rite Aid Corp (NYSE:RAD) will unveil its latest earnings on Thursday, December 15, 2011. 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 wider loss from the year earlier quarter net loss of 9 cents. During the past three months, the average estimate has moved up from a loss of 13 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at a loss of 12 cents during the last month.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting a loss of 12 cents per share, and the previous quarter, it had net loss of 6 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 1.5% in revenue from the year-earlier quarter to $6.29 billion.

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

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $92.3 million (11 cents a share) from a loss of $197 million (23 cents) a year earlier, beating analyst expectations. Revenue rose 1.8% to $6.27 billion from $6.16 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 0.1% in the first quarter, 0.1% in the fourth quarter of the last fiscal year and 2.4% in the third quarter of the last fiscal year.

Competitors to Watch: Walgreen Company (NYSE:WAG), PetMed Express, Inc. (NASDAQ:PETS), GNC Holdings Inc (NYSE:GNC), CVS Caremark Corporation (NYSE:CVS), China Nepstar Chain Drugstore Ltd. (NYSE:NPD), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Stock Price Performance: During October 13, 2011 to December 9, 2011, the stock price had risen 22 cents (21.4%) from $1.03 to $1.25. The stock price saw one of its best stretches over the last year between November 4, 2011 and November 11, 2011 when shares rose for six-straight days, rising 20.9% (+23 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, falling 11.8% (-13 cents) over that span. Shares are up 37 cents (+42%) year to date.

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

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