Spartan Stores Earnings Preview: Get Ahead of the Analysts
Spartan Stores (NASDAQ:SPTN) will report earnings after markets close on Wednesday, May 22nd. Spartan Stores, Inc. provides food wholesale and retail distribution services. The Company operates a chain of grocery stores in Michigan, Indiana, and Ohio.
Here is your Cheat Sheet to Spartan Stores Earnings:
Earnings Expectations: Analysts expect earnings of $0.37 per share on revenues of $586.45 million. Currently, the company’s P/E ratio stands at 12.76.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.3 and has not changed. For the current year, the average estimate is a profit of $1.37, which is better than the estimate ninety days ago.
Here’s how Spartan Stores has been performing on an annual basis:
|Revenue ($) in millions||2,477||2,577||2,552||2,533||2,634|
|Diluted EPS ($)||1.58||1.66||1.14||1.42||1.39|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||797.24||614.77||603.91||621.56||789.88|
|Diluted EPS ($)||0.22||0.4620||0.27||0.47||0.16|
Spartan Stores has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)