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Coming Week in Earnings: Let's Go Shopping


It's not all bad though, investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $7 billion last fiscal year compared to $5.81 billion in the previous year. The bottom line has falling earnings year-over-year with a loss of $73.92 million last fiscal year compared to $36.67 million in the previous year. (Read my article about Amazon and its lofty valuation.)

Industry and Peers Comparison:

Rite Aid Corporation (RAD)

Who They Are: Rite Aid is a retail drugstore chain in the United States serving customers in numerous states across the country and trades an average of 8.4 million shares per day with a marketcap of $1.1 billion.

Rite Aid is anticipated to report a somewhat smaller first-quarter earnings loss before the market opens on June 21. The consensus estimate is currently a loss of 3 cents a share, an improvement of 3 cents from a loss of 6 cents during the same period last year.

Rite Aid mean fiscal year loss estimate is 20 cents per share this year. Short interest reflects pessimism in the shares as well: 6.64% of the float is currently short. That isn't really enough to cause much of a short squeeze, but it does demonstrate a lot of smart money is positioning for a falling share price.

Revenue growth relative to last year appears to be problematic for management. Comparing year-over-year fiscal years, revenue has declined to $25.21 billion last fiscal year compared to $25.67 billion in the previous year. The bottom line losses increased year-over-year of $555.42 million last fiscal year compared to $506.67 million in the previous year.

The shares are near the starting point of 2012 (like a lot of companies), but what should be a concern is the $1 price point. Shares need to stay above $1 to keep the NYSE exchange listing (although it takes a long time to become delisted). The flip side to this is $1 becomes a natural buying point because the company/large investors will want to support the share price from falling below.

Industry and Peers Comparison:

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