RITE AID (RAD)

EARNINGS RELEASE WEDNESDAY- JUNE 26 (AMC)

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JUMP REPORT

Avg Daily Volume: 8,794,463    Market Cap: 417.32M 
Sector: Services    Short Interest: 20.81

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:   -.07/share    REV:  5,380/M
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     LAST QTR:  EPS:   -.35/share    ACTUAL:  -.20/share  (BEAT)
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     NEXT QTR:  EPS:   ..01/share     REV: 5,390/M
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     FULL YR:     EPS:   -.02/share     REV: 21,590/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS HISTORY: 35% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -14.03, 13.58, 3.90

POTENTIAL JUMP MOVE:  12-15%

Links To Latest News and Headlines

The ratings on six P&I classes were affirmed because the transaction’s key metrics, including Moody’s loan-to-value (LTV) ratio, Moody’s stressed debt service coverage ratio (DSCR) and the transaction’s Herfindahl Index (Herf), are within acceptable ranges. The rating on the IO class was affirmed based on the credit quality of its referenced classes.

Moody’s Investors Service, (“Moody’s”) has affirmed the ratings on ten classes and downgraded ratings on two classes in WFRBS Commercial Mortgage Trust 2014-C24, Commercial Mortgage Pass-Through Certificates Series 2014-C24. The ratings on six pooled P&I classes, Cl. A-3 through Cl. B, were affirmed because the transaction’s key metrics, including Moody’s loan-to-value (LTV) ratio, Moody’s stressed debt service coverage ratio (DSCR) and the transaction’s Herfindahl Index (Herf), are within acceptable ranges.

Moody’s Investors Service, (“Moody’s”) today changed the outlook for Rite Aid Corporation (“Rite Aid”) to stable from negative. All other ratings including the company’s Caa1 corporate family rating and its Caa1-PD probability of default rating are affirmed and there is no change in the company’s SGL-3 speculative grade liquidity rating. “Rite Aid has proactively addressed a large portion of its 2023 maturities which is a credit positive but operational and competitive challenges remain”, Moody’s Vice President Mickey Chadha stated.

24 Sep, 2020 @ 13:45 by Yahoo! Finance

Rite Aid (RAD) delivered earnings and revenue surprises of 127.27% and 3.92%, respectively, for the quarter ended August 2020. Do the numbers hold clues to what lies ahead for the stock?

Rite Aid has posted a strong recovery from this month's lows. However, earnings will drive the short-term move. Let's look at the charts.

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