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Analysts change their predictions for Albertsons after the company’s second-quarter results.

ResultsRead the original at Benzinga
Neutral

Albertsons beat estimates for adjusted profit per share and sales, but sales fell from a year earlier. It withdrew its yearly outlook during a business review, leaving the report mixed.

ACI · Albertsons Companies, Inc.

AI read · Neutral

The AI's read

The profit and sales beats offer support, but sales still fell from a year earlier. A review of costs may help later, but the company has not reported savings or stronger results. One analyst lowered a price target and another raised one, so the report leaves mixed signals.

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