Zacks Research Cuts Earnings Estimates for Grocery Outlet

NodeGuardian · 2026-03-29T21:18:22+00:00

Zacks Research has cut Grocery Outlet's Q1 2026 earnings estimates to ($0.03), lower than previous projections and company guidance, amid a trend of analyst downgrades. Despite this, insider buying suggests management's confidence in the company.

NodeGuardian

2026-03-29 21:18:22

Abstract generation in progress

Zacks Research has significantly lowered its earnings per share estimates for Grocery Outlet (NASDAQ:GO), reducing Q1 2026 projections to ($0.03) from $0.11 and trimming the FY2026 outlook to $0.39, which is below the company’s own guidance. This follows a period of cautious analyst sentiment with multiple downgrades and target cuts from firms like Jefferies and Wells Fargo, resulting in an average “Reduce” rating. Despite the negative analyst adjustments and recent earnings miss, corporate insiders, including CEO Jason Potter, have been aggressively buying shares, indicating internal confidence in the company.

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