SuperValu Inc. (SVU) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

SuperValu Inc. (SVU) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS”

Traders are feeling more bullish on shares of the company lately if you take note of the change in short interest. The company has a market cap of $651.88 Million. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company's stock worth $155,000 after purchasing an additional 3,790 shares during the period. The stock saw a fall in short interest of -7.71% as of September 29, 2017 from the last reporting period. The Business's private-label products include Culinary Circle, Stockman & Dakota, Wild Harvest, Essential Everyday, EQUALINE, Arctic Shores Seafood Company, Baby Basics, Farm Stand, Stone Ridge Creamery, Super Chill and Shopper?s Value.

Previously on 06/29/2017, RBC Capital Markets reported on Supervalu (NYSE:SVU) increased the target price from $0.00 to $6.00. It has Quarterly performance and year to date performance of -27.77% and -47.72% respectively.

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a company's financial position. For every criteria that is met the company is given one point, if it is not met, then no points are awarded. The stock has risen 49.06% since then. On average, analysts forecast that SuperValu will post $2.23 earnings per share for the current fiscal year. Going even further back, Flickinger cited Supervalu's 1971 merger with Shopko, which has since been spun off into its own company, as a comparably audacious move. Zacks Investment Research raised SuperValu from a "hold" rating to a "buy" rating and set a $28.00 price objective for the company in a research report on Monday, July 31st. SUPERVALU Inc. (SVU) is sinking -11.82% to $17.09.

Once calculated, the eight variables are combined together to achieve an M-Score for the company. They expect this year's earnings to rise 18.23% year-over-year to $2.4, followed by 16.25% growth in the next year to $2.79. The RSI oscillates between zero and 100.

After staying quite for a long time SUPERVALU Inc. (SVU) is at 25.54.

SUPERVALU Inc. (NYSE:SVU) reported its EPS in the last quarter as $0.46/Share beating the analyst estimate of $0.35/Share by a difference of $0.11.

Analysts believe that the company has the potential to earn average revenue of $3.98 Billion for the current quarter.

Profitability analysis greatly helps in making investment decision. The retail unit showed an operating loss of $16 million, which executives attributed to lower gross margins, more discounting and net decreased sales. Beta factor was calculated at 2.37. Wall Street analysts covering the stock are projecting that the stock will reach $34.56 within the next 52-weeks. The company now has a consensus rating of "Hold" and a consensus price target of $32.67. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.50, which implies that analysts are generally neutral in their outlook for SVU over the next year.

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