Grocery Outlet Declines 37% YTD: Should You Hold or Sell the Stock? [Yahoo! Finance]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
to the broader industry and the S&P 500 index, both of which have risen 4.3% and 14.5%, respectively. The implementation of new technology platforms negatively impacted the company's gross margin in the second quarter of 2024. However, management expressed optimism for the rest of the year, noting that the company does not expect any further adverse effect on its operations from these technological changes. With Grocery Outlet shares closing at $16.95 yesterday, the stock is trading close to its 52-week low of $16.86, touched last Friday. This proximity to the low point indicates that investor sentiment may be cautious, possibly caused by concerns over the recent earnings decline and margin pressures. In the past 60 days, the Zacks Consensus Estimate for earnings for the current fiscal year has moved down a penny to 92 cents per share. For the next fiscal year, the bottom-line estimate has declined 3.4% to $1.13. Let's analyze whether Grocery Outlet will hold on to its recent
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News
- Grocery Outlet Holding Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp. (NASDAQ: GO) had its price target lowered by analysts at UBS Group AG from $21.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Grocery Outlet to refocus on value to right the ship [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp. (NASDAQ: GO) had its price target lowered by analysts at Roth Mkm from $20.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Grocery Outlet Holding Corp. (NASDAQ: GO) had its price target lowered by analysts at Telsey Advisory Group from $19.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
GO
Earnings
- 11/5/24 - Beat
GO
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/31/24 - Form 4
- GO's page on the SEC website