Albertsons (ACI) is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the grocery chain's proposed merger with Kroger (KR) fell apart last month after 澳洲幸运5官方开奖结果体彩网:months of legal challenges.

Of the seven analysts covering Albertsons tracked by Visible Alpha, three have 澳洲幸运5官方开奖结果体彩网:"buy" ratings and four have "hold" ratings. The average 澳洲幸运5官方开奖结果体彩网:price target of $23 suggests analysts expect the stock to make back the roughly 15% it lost last year, as all seven have a higher target than its Monday afternoon level oღf $19.71.

Albertsons is expected to report $18.81 billion in revenue for the quarter, up from $18.56 billion last year, according to Visible Alpha. Analysts also expect $318.1 million or $0.54 per share in 澳洲幸运5官方开奖结果体彩网:net income, down from $361.4 million or $0.62 per share.

First Report Since Kroger Merger Called Off

This will be 澳洲幸运5官方开奖结果体彩网:Albertsons' first report since its nearly $25 billion merger with Kroger was called off last month. 澳洲幸运5官方开奖结果体彩网:A federal judge sided with the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC), blocking the merger on the grounds that it would 澳洲幸运5官方开奖结果体彩网:likely lead to less competition in the grocery industry, meani💙ng higher pri🐎ces for consumers and slower wage growth for employees.

The retailers subsequently terminated their merger agreement, and have since 澳洲幸运5官方开奖结果体彩网:started a new legal fight. Albertsons sued Kroger, accusing the larger retailer of not doing enough to 澳洲幸运5官方开奖结果体彩网:resolve the concerns of regulators, seeking billions in damages. Kroger has said it "looks forward to responding to these baseless claims in court," and accused Albertsons of being the one to violate their merger agreement.

Both 澳洲幸运5官方开奖结果体彩网:companies have launched new 澳洲幸运5官方开奖结果体彩网:stock buyback programs after pausing them while trying to get the merger approved, and Albertsons CEO Vivek Sankaran said last month that the company would have "additional details" on its future plans "no later than" Wednesday's earnings call.