Lets not forget that there is 25% less shares to divide the earning by. That being aid they actually missed the target. It is amazing that analysts are far too stupid to read between the lines. Sorry to say that soon as the report is looked at by someone intelligent there will be a quick reversal. Wow I can't believe they are positive on this report, its actually terrible. Oh well we shall see.
Wow, what a stupid post, starting with an inability to spell "hardly."
Of course analysts know how much the average shares outstanding are going to be.
It is obvious you have little grasp of the matter, since in addition to the earnings surprise the actual mover of the stock was the guidance for 13Q1 same store sales to be up 1.8% to 2%.
It is also about signs that "Just For You" is resulting in stronger operating performance by attracting customers.
It isn't really about the report. It is about the share price being depressed considering the company's cash flow and assets. It is about the Blackhawk IPO. It is about large investment groups circling the company noting various valuable assets that can be sold off... this chain has been very poorly run for quite a few years now... and the investment groups are now circling.
I'm an analyst and I used the 239.5 mm shares outstanding in my buy report:. We conclude the enterprise value is worth 6 X 2013 ebitda of 2380 mm and this corresponds to 14X 2013 earnings of $2.46/ share. Also the valuation is supported by the 8.3 billion in original cost real estate. the report is on seeking alpha: "Safeway is a strong buy" or on the web site of Broxton Capital
Whaaaa! Keep eating the bitter melon. LOL. The target was set in the prior quarter, they have not reduced the number of shares in the most recent quarter. Your reasoning is incorrect. Cash flow is strong.
Sentiment: Strong Buy
Quarter and conference call were things of beauty....with more to come. Not hard to imagine what will happen to the share count once the fire hose of cash gets done bringing debt to target. So cheap on cash flow, Economy is improving, kroger and Safeway much better shopping experience than WMT. Just for you is first of big catalysts.