CORRECTED-BUZZ-Grocery Outlet falls after weak forecast, brokerages cut PT
ReutersFeb 26, 2025 1:38 PM
Corrects analysts' expectation for adjusted EPS in second bullet to 94 cents from 87 cents
Discount retailer Grocery Outlet Holding Corp's GO.O shares fall 22.5% to $12.18 premarket
Co forecasts adjusted EPS in a range of 70 cents to 75 cents, below analysts' expectations of 94 cents, according to data compiled by LSEG
At least five brokerages cut PT
Telsey Advisory Group says co's inconsistent performance and expectations for 2025 keeps brokerage on sidelines, lowers PT from $18 to $16
1 of 15 brokerages rate the stock "buy" or higher, 12 "hold" and 2 "sell" or lower; their median PT is $15 - LSEG data
GO stock fell 42% in 2024
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