Albertsons Companies, Inc. reports results for the quarter ended August 31 — Earnings Summary

Albertsons Companies, Inc. reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of twenty analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 29 cents to 36 cents per share. Revenue fell 0.1% to $18.89 billion from a year ago; analysts expected $18.87 billion. Albertsons Companies, Inc.'s reported EPS for the quarter was 11 cents​. The company reported quarterly net income of $51.5 million. Albertsons Companies, Inc. shares had risen by 8.0% this quarter and lost 27.0% so far this year. Forecast Changes The mean earnings estimate of analysts had fallen by about 30% 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 6 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the food retail & distribution peer group is "buy." Wall Street's median 12-m