Finance, Opinion

Rite Aid Corporation (RAD) earnings reaction history

Rite Aid Corporation (RAD) is expected to announce first quarter financial results after market close (confirmed) on June 22, 2017. The company added about percent in value since last earnings when it was at $3.73. Looking further into earnings reaction history, the stock had moved down 14 times out of last 27 quarters. It has topped earnings-per-share estimates 66% of the time in its last 12 earnings reports. It missed earnings on 2 occasions, and it has met expectations 2 time.

Rite Aid Corporation (RAD) History

Overall, the average earnings surprise was 33.55 percent over the past four quarters. Back on April 25, 2017, it posted earnings per share at $0.00 which topped the consensus $-0.04 projection (Negative surprise of -100.00%). Revenue came in at $8.54B versus consensus estimate of $8.27B. The stock gained 6.43% percent the day following the earnings was released, and on 7th day price change was 13.67% percent.

On December 22, 2016, it posted earnings per share at $0.01 versus the consensus estimate of $0.04 (Positive surprise of 74.36%). Revenue of $8.09B was below the $8.23B analysts had expected. The stock dropped -0.35% the day following the earnings was released, and on 7th day price change was -2.60%.

On September 22, 2016, it posted earnings per share at $0.01, missed the consensus estimate of $0.02 (Positive surprise of 59.84%). Revenue for the quarter was $8.03B while analysts had expected revenues to come in at $8.17B. The stock gained 0.25% the day following the earnings was released, and on 7th day price change was -1.15%.

On June 16, 2016, it posted earnings per share at $0.00 compared with the consensus estimate of $0.05 (Positive surprise of 100.00%). That came on revenues of $8.18B for the quarter. Analysts had expected $8.26B in revenue.

Rite Aid Corporation (RAD) Expectations

In front of Q1 earnings release, Wall Street is expecting earnings per share of $-0.01. The analysts’ current consensus range is $-0.02-$-0.01 for EPS. The market consensus range for revenue is $8.01B-$8.25B, with an average of $8.17B.

Rite Aid Corporation (RAD) last closed at $3.44, sending the company’s market cap around $3.11B. The consensus 12-month price target from brokerage firms covering the stock is $6.19. The share price has declined -60.82% from its best level in 52 weeks and advanced -63.59% this year. It recently traded in a range of $-$ at a volume of 30,104,150 shares. The stock ended last trading session with the price nearly 0.00% higher for the last 5 trading days, rebounding 18.49% from its 52-week low.

Leave a Reply