SUPERVALU INC. First Quarter Earnings Preview

S&P 500 (NYSE:SPY) component SUPERVALU INC. (NYSE:SVU) will unveil its latest earnings on Tuesday, July 26, 2011. SUPERVALU Inc. operates as a grocery retailer in the United States.

SUPERVALU INC. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 33 cents per share, a decline of 23.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up, but has dropped from 34 cents during the last month. For the year, analysts are projecting net income of $1.23 per share, a decline of 11.5% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 44 cents per share versus a mean estimate of net income of 34 cents per share. In the third quarter of the last fiscal year, the company missed estimates by 7 cents.

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Wall St. Revenue Expectations: On average, analysts predict $11.2 billion in revenue this quarter, a decline of 2.9% from the year ago quarter. Analysts are forecasting total revenue of $36.88 billion for the year, a decline of 1.7% from last year’s revenue of $37.53 billion.

Analyst Ratings: Analysts seem relatively indifferent about SUPERVALU with 11 of 14 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 5.9% to $8.66 billion in fourth quarter of the last fiscal year. The figure fell 5.9% in the third quarter of the last fiscal year from the year earlier, dropped 8.5% in second quarter of the last fiscal year from the year-ago quarter and 9.2% in the first quarter of the last fiscal year.

SUPERVALU’s profit in the latest quarter follows losses in the previous two quarters. The company reported a profit of $95 million in the fourth quarter of the last fiscal year, a loss of $202 million in the third quarter of the last fiscal year and a loss of $1.47 billion in the second quarter of the last fiscal year.

Competitors to Watch: Safeway Inc. (NYSE:SWY), The Kroger Co. (NYSE:KR), Whole Foods Market, Inc. (NASDAQ:WFM), Winn-Dixie Stores, Inc. (NASDAQ:WINN), Ingles Markets, Inc. (NASDAQ:IMKTA), Nash-Finch Company (NASDAQ:NAFC), AMCON Distributing Co. (AMEX:DIT), Spartan Stores, Inc. (NASDAQ:SPTN), Wal-Mart (NYSE:WMT), Target (NYSE:TGT) and Weis Markets, Inc. (NYSE:WMK).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $1.61 (-14.8%) from $10.85 to $9.24. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight-straight days, rising 16.2% (+$1.22) over that span. It saw one of its worst periods between November 10, 2010 and November 26, 2010 when shares fell for 12-straight days, falling 17% (-$1.74) over that span. Shares are down 21 cents (-2.2%) year to date.

(Source: Xignite Financials)

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