Safeway Earnings: What Investors Should Watch
Safeway (NYSE:SWY) will report earnings before markets open on Thursday, July 18th. Safeway Inc. operates a retail food and drug chain in the U.S. and Canada. The Company also has a network of distribution, manufacturing, and food processing facilities. Safeway’s retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region, British Columbia, Alberta and Manitoba/Saskatchewan.
Here is your Cheat Sheet to Safeway Earnings:
Earnings Expectations: Analysts expect earnings of $0.51 per share on revenues of $10.45 billion. Currently, the company’s P/E ratio stands at 9.33.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.48 to a profit $0.46. For the current year, the average estimate is a profit of $2.31, which is better than the estimate ninety days ago.
Here’s how Safeway has been performing on an annual basis:
|Revenue ($) in millions||44,104||40,851||41,050||43,630||44,207|
|Diluted EPS ($)||2.21||-2.66||1.55||1.49||2.40|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||10,386.90||10,049.10||13,767.40||9,994.00|
|Diluted EPS ($)||0.51||0.66||1.02||0.49|
Safeway has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)