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What are the expectations for PriceSmart's Q3 earnings?

What are the expectations for PriceSmart's Q3 earnings?
Asked by
Nick Robinson categorie-icon time-icon5 months ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon5 months ago

PriceSmart will report its Q3 fiscal 2019 financial results on 10th July. If we take a look at the past, PriceSmart has done very well. In the last four quarters, the company outperformed the Zacks Consensus Estimate by an average of 20.7%.

For the current expectations, the Zacks Consensus Estimate for earnings for Q3 forecasts $0.46 per share. This can be compared to the $0.61 per share which was reported in the year-ago quarter. One thing to note is that the Zacks Consensus Estimate has remained unchanged in the past 30 days. Taking a look at revenues, the Zacks Consensus Estimate forecasts $803.8m. This figure would represent an increase of roughly 2.8% from the year-ago quarter.

PriceSmart currently has a Zacks Rank #3 and an Earnings ESP of 0.00%. These ratings show that it would quite difficult to achieve the surprise prediction at the moment.

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