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
At this time, I would like to welcome everyone to the Rite Aid Corporation fiscal year 2023 first quarter earnings conference call. Heyward Donigan, president and chief executive officer; and Matt Schroeder, executive vice president and chief financial officer, will begin the call with prepared remarks.
Shares of Rite Aid (NYSE: RAD) were looking downright healthy on Thursday as the stock surged by as much as 15.5%. The catalyst that sent the retail drugstore chain soaring was its fiscal 2023 first-quarter financial report, which was far better than investors had expected. For the quarter, which ended May 28, Rite Aid reported revenue of $6.01 billion, down 2.3% year over year.
The pharmacy chain reports a narrower loss than Wall Street penciled in. Sales rise more than expected.
Yahoo Finance Live anchors discuss quarterly earnings for Darden Restaurants and Rite Aid.
View more earnings on RADSee more from BenzingaAura Biosciences’ Belzupacap Sarotalocan At Par With Plaque Radiotherapy In Eye CancerXenon’s Epilepsy Candidate Rapidly Reduces Focal Onset Seizure FrequencyDon’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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