SUPERVALU (NYSE:SVU) EPS Estimates Lowered on Market-Share Loss

Based on what is expected to be an ongoing drop in same-store sales and declining market-share loss, Susquehanna continues to be down on SUPERVALU (NYSE:SVU).

Susquehanna said they see the third quarter of 2011 will show the company will continue to fall in same-store sales which will indicate loss of market share.

If that's the case, it'll be the 11th quarter in a row SUPERVALU has had same-store sales drop.

Susquehanna is cutting their 4Q11 and full year 2011 EPS estimates from $0.44 and $1.42 to $0.33 and $1.31 as uncertainty concerning where the company will bottom out remains.

They remain negative on SUPERVALU, which closed Friday at $8.66, losing $0.54, or 5.87 percent.