Rite Aid (RAD) Misses Q2 EPS by 13c, Revenue Beats
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September 30, 2022 2:47 AM EDT
Evercore ISI analyst Elizabeth Anderson lowered the price target on Rite-Aid (NYSE: RAD) to $4.50 (from $7.00) while maintaining a Underperform rating.
Removed from Tactical Outperform List"...we are lowering our price target to $4.50 and removing our TAP Outperform call as we...
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September 29, 2022 2:06 PM EDT
Rite Aid (NYSE: RAD) shares plunged over 27% Thursday after the company reported earnings before the open, missing earnings expectations.
The company reported a second-quarter loss per share of $0.63, $0.13 worse than the analyst estimate of a loss of $0.50 per share, while revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.77 billion.
Looking ahead, Rite Aid sees its fiscal 2023 loss per share coming in between $1.52 to $0.97, versus the consensus of a loss per share of $1.39. Revenue for the period is expected to be between $23.6 billion... More
