Woolworths Group (OTCMKTS:WOLWF – Get Free Report) is expected to issue its results before the market opens on Wednesday, August 26th. Analysts expect the company to post earnings of $0.3880 per share and revenue of $23.8276 billion for the quarter.
Woolworths Group Stock Performance
Woolworths Group stock opened at $30.16 on Tuesday. The stock has a 50-day moving average of $29.24 and a two-hundred day moving average of $25.89. Woolworths Group has a one year low of $16.00 and a one year high of $30.82.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Woolworths Group from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Citigroup cut shares of Woolworths Group to a “sell” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Woolworths Group currently has an average rating of “Reduce” and a consensus target price of $37.00.
About Woolworths Group
Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.
In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.
Further Reading
- Five stocks we like better than Woolworths Group
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Woolworths Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woolworths Group and related companies with MarketBeat.com's FREE daily email newsletter.
