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.
Grocery Outlet (GO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Grocery Outlet Holding Corp. (NASDAQ:GO) Q1 2024 Earnings Call Transcript May 7, 2024 Grocery Outlet Holding Corp. misses on earnings expectations. Reported EPS is $-0.0103 EPS, expectations were $0.18. Grocery Outlet Holding Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). […]