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Benzinga
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Top Wall Street Forecasters Revamp Albertsons Expectations Ahead Of Q2 Earnings

1. ACI to report Q2 earnings on Oct. 14 with 40 cents expected per share. 2. Projected revenue of $18.89 billion, slightly up from last year. 3. Shares closed at $17.29, down 0.4% on recent trading. 4. Jim Donald, Chair of the Board, announced retirement on Sept. 17. 5. Analyst ratings vary with targets cut from $27 to $23 and raised from $19 to $25.

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FAQ

Why Neutral?

Earnings expectations are lower, which can lead to cautious sentiment.

How important is it?

Earnings performance directly affects stock value; however, projected growth mitigates severe negative impact.

Why Short Term?

Earnings report date is imminent, likely to impact stock in the near future.

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