42.55 +0.80 (1.92%)
After hours: 4:01PM EDT
|Bid||41.55 x 1000|
|Ask||41.76 x 1000|
|Day's Range||41.74 - 43.52|
|52 Week Range||27.75 - 47.58|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.78|
LAS VEGAS, Aug. 19, 2019 /PRNewswire/ -- Today, Estars launches a new interactive, free-to-play gaming platform for esports and gaming fans to engage with their favorite competitions worldwide. To celebrate, Estars is matching millions of dollars in prizes across major esports tournaments this year through the Estars Majors, including up to $5M for The International, the upcoming Dota 2 event Aug. 20-25, 2019 in Shanghai, China and up to $10M for The Fortnite Champion Series (FNCS) Season Finals Sept. 20-21, 2019. Later announcements will detail plans for similar Estars Majors matching prize pools for League of Legends, PLAYERUNKNOWN'S BATTLEGROUNDS (PUBG) and Counter-Strike: Global Offensive (CS:GO) tournaments.
The cover story in this weekend's Barron's offers stock picks for an energy sector rebound. Other featured articles discuss how the trade war is hitting tech's bottom line and why banks are not an alternative ...
Grocers are being pressured by Walmart and Target, and by chains that can offer private-label discounts. But opportunistic merchandising gives Grocery Outlet an edge.
Grocery Outlet jumped past a new buy point Wednesday after crushing Q2 earnings views and gave strong guidance. But the IPO stock pared gains.
It’s an ugly day for retail stocks, but Grocery Outlet is bucking that trend. The stock is up 10% after an upbeat second-quarter earnings report.
Bank of America's Robert Ohmes maintains a Neutral rating on Grocery Outlet with a price target lifted from $37 to $40. Grocery Outlet's "impressive" quarter is highlighted by a comps beat of 5.8% versus expectations of 3%, Ohmes said. Adjusted EBITDA margins of 7% also beat expectations of 6.7% from expense controls and a 35 basis point gross margin expansion.
Grocery Outlet Holding Corp. jumped nearly 10% on a trading day when most other stocks were in the red after it reported profits and sales that beat expectations. Moreover, analysts are bullish that the grocery chain's "treasure hunt" experience will translate into prolonged same-store sales growth. "While we would expect the company's comp to ease over time as some of its particularly strong initiatives mature, we believe its differentiated offering and unique value proposition should allow it to continue to take share over time," wrote UBS in a note. Analysts think Grocery Outlet's 2019 same-store sales growth forecast of 3% to 4% "could be conservative." UBS rates Grocery Outlet stock neutral with a $38 price target, up from $35. "Grocery Outlet's industry-leading buying team has strong relationships with some of the top national CPG brands and positions the retailer well to consistently procure compelling deals," wrote Cowen. "We believe Grocery Outlet has historically done a good job of maintaining large price gaps against both discounters and traditional grocery competitors." Cowen rates Grocery Outlet stock outperform with a $48 price target, up from $42. Grocery Outlet stock, which began trading on June 20, is up 22.3% over the past month while the S&P 500 index has fallen 5.3% over the period.
In the company's first quarterly report since going public, Grocery Outlet topped analysts' estimates on the top and bottom lines. Here are the details.
Dow Jones futures: The Treasury yield curve inverted Wednesday morning, sparking recession fears on weak China and German economic data. That followed Tuesday's stock market rally.
For the full year, the company says it expects earnings of between 68 cents and 71 cents a share, higher than analysts' forecasts.
Grocery Outlet Holding Corp. stock gains more than 10% late Tuesday after the company’s first quarterly results post its June initial public offering blows past Wall Street expectations and the off-price grocer also predicted a rosier 2019.
Shares of Grocery Outlet Holding Corp. rose more than 14% in the extended session Tuesday after the company beat quarterly adjusted earnings and sales expectations. Grocery Outlet said it lost $10.6 million, or 15 cents a share, in the quarter, versus earnings of $7.3 million, or 11 cents a share, in the second quarter of fiscal 2018. Adjusted for one-time items, the company earned $14.5 million, or 20 cents a share, compared with $12.9 million, or 19 cents a share, a year ago. Sales rose by 12% to $645.3 million from $575.1 million in the second quarter of fiscal 2018. Analysts polled by FactSet had expected adjusted earnings of 13 cents a share on sales of $627 million. Comparable-store sales rose by 6%, the company said. Grocery Outlet had its initial public offering in June at $22 a share. The company said it expects sales between $2.50 billion and $2.53 billion in the full-year 2019, and adjusted EPS for the year between 68 cents and 71 cents.
Net sales increased 12.2% to $645.3 millionComparable store sales increased 5.8%Net loss of $10.6 million; Adjusted net income increased 12.1% to $14.5 millionAdjusted EBITDA.
The conference, led by the government, gathered leading industry figures to discuss issues facing the global esports industry, including the overall infrastructure, productization and commercialization, as well as new growth points for the industry as a whole. Chi Yufeng, chairman of Perfect World Investment & Holding Group, attended the event and delivered a speech, saying, "Perfect World has always been looking for a new way somewhere between games and traditional sports as an entry point into the world of esports. Esports, a new industry that has been increasing in popularity in recent years, owes its popularity not only to the growing public interest, but also to the huge advances in the technologies that drive the sector's development.
Two new names on the IBD Breakout Stocks Index — CrowdStrike and Grocery Outlet — offer timely insight into how to buy IPO stocks and top stocks to watch.
Newly-public Grocery Outlet Holding Corp (NASDAQ: GO ) has scored an initiation of coverage from Bank of America. The Analyst Bank of America analyst Robert Ohmes initiated coverage with a Neutral rating ...
EMERYVILLE, Calif., June 24, 2019 -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced the closing of its previously announced initial public.