Grocery Outlet Holding Corp reports results for the quarter ended December 31 - Earnings Summary

• Grocery Outlet Holding Corp GO.OQ reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 15 cents to 18 cents per share.

• Revenue rose 10.9% to $1.10 billion from a year ago; analysts expected $1.09 billion.

• Grocery Outlet Holding Corp's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $2.31 million.

• Grocery Outlet Holding Corp shares had risen by 1.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the food retail & distribution peer group is also "hold"

Wall Street's median 12-month price target for Grocery Outlet Holding Corp is $16.00

This summary was machine generated from LSEG data February 25 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)