SUPERVALU INC. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component SUPERVALU INC. (NYSE:SVU) will unveil its latest earnings on Wednesday, January 11, 2012. SUPERVALU 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 net income of 24 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 26 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 25 cents during the last month. Analysts are projecting profit to rise by 10.8% versus last year to $1.24.

Past Earnings Performance: Last quarter, the company reported profit of 28 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $8.42 billion in revenue this quarter, a decline of 2.9% from the year ago quarter. Analysts are forecasting total revenue of $36.5 billion for the year, a decline of 2.7% from last year’s revenue of $37.53 billion.

Analyst Ratings: Analysts seem relatively indifferent about SUPERVALU with seven of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $60 million (28 cents a share) from a loss of $1.47 billion ($6.94) a year earlier, beating analyst estimates. Revenue fell 2.6% to $8.43 billion from $8.66 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 3.7% in the first quarter from the year earlier, dropped 5.9% in fourth quarter of the last fiscal year from the year-ago quarter and 5.9% in the third 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 October 10, 2011 to January 5, 2012, the stock price had risen 93 cents (12.7%) from $7.35 to $8.28. 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 16.1% (+$1.19) over that span. It saw one of its worst periods between February 28, 2011 and March 8, 2011 when shares fell for seven-straight days, falling 10.1% (-84 cents) over that span.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

More from The Cheat Sheet