The company has a potential upside to a PT of $30/share, making it an attractive buy with a 35-40% upside potential. SpartanNash has been lackluster but fundamentally sound, with operations in food wholesale and grocery retail. Recent 2Q24 results showed a decrease in sales and net earnings, but the company is in the midst of an operational transformation.
SpartanNash's (SPTN) Q2 revenues decline y/y. However, its execution of transformational initiatives has created a foundation for growth while contributing to margin gains.
SpartanNash Company (NASDAQ:SPTN ) Q2 2024 Results Conference Call August 15, 2024 10:30 AM ET Company Participants Kayleigh Campbell - Head of Investor Relations Tony Sarsam - President, CEO & Director Jason Monaco - Executive VP & CFO Conference Call Participants Alex Slagle - Jefferies Ben Wood - BMO Capital Scott Mushkin - R5 Capital Andrew Wolf - CL King Operator Welcome to the SpartanNash Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Spartan Stores (SPTN) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.65 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Spartan Stores (SPTN) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
The heavy selling pressure might have exhausted for Spartan Stores (SPTN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SpartanNash is a small US-based stock with a market cap of less than $700M. The company is undergoing a transformative change and has faced challenges such as high leverage and low cash on hand. Despite these challenges, SpartanNash has a strong sales number, positive net earnings growth, and potential for EBITDA improvement.
SpartanNash Company (NASDAQ:SPTN ) Q1 2024 Earnings Conference Call May 30, 2024 8:30 AM ET Company Participants Tony Sarsam - President and Chief Executive Officer Jason Monaco - Executive Vice President and Chief Financial Officer Conference Call Participants Charles Cerankosky - Northcoast Research Alexander Slagle - Jefferies LLC Andrew Wolf - CL King Benjamin Wood - BMO Capital Markets Peter Saleh - BTIG Operator Welcome to the SpartanNash First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Spartan Stores (SPTN) came out with quarterly earnings of $0.53 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.64 per share a year ago.