Wall Street analyst on ACI stock:Earnings should be incredible for this quarter – Idaho Reporter

NYSE, Real Estate

Wall Street analyst on ACI stock:Earnings should be incredible for this quarter

Just a couple of weeks ago we wrote about Albertsons Companies (NYSE:ACI) and their IPO. Their stock was offered back than between $18 and $20 but soon after the IPO day the price per share went down to $14 on Monday.

Today ACI stock is in green and it seems like some better days are ahead for this Idaho based grocer.

According to “Former PM at Goldman Sachs” Will Meade, ACI is about to go up after earnings results.

 

This Wall Street analyst expects a great quarter for Albertsons as most of its stores are based in “covid heavy states where people stock up”.

Share price of ACI stock is up more than 3.5% on Tuesday and is one of the winners among big grocers. Kroger Co (NYSE: KR) gained almost 2.5% today.

Albertsons Companies, Inc. will release financial results for the first quarter of fiscal 2020, which ended June 20, 2020, before the market opens on Monday, July 27, 2020.

2 Comments

  1. ACI is a unknown value that is slowly gaining interest. As earnings become available there will be a nice surge of interest and I feel that the stock price will reflect it as well.

  2. $ACI earnings are going to be awesome! If you’re in it before Friday you will be happy on Monday when earnings are released.

Share your thoughts

Theme by Anders Norén

%d bloggers like this: