Kroger’s Market Snapshot: Earnings on the Horizon
Kroger (KR) closed the latest trading day at $56.54, showing a slight dip of -0.19% from the previous session. This performance was slightly below the S&P 500, which lost 0.02%. In contrast, the Dow Jones increased by 0.38%, and the Nasdaq saw a small gain of 0.04%.
Stock Performance Overview
Over the past month, shares of Kroger climbed by 3.72%. This outpaced the Retail-Wholesale sector’s increase of 3.68% but fell short of the S&P 500’s rise of 3.77%.
Upcoming Earnings Report
Investors are eagerly anticipating Kroger’s forthcoming earnings report. The company’s earnings per share (EPS) are expected to be $0.98, which indicates a 3.16% rise compared to the same quarter last year. The consensus predicts revenue of $34.3 billion, representing a 1.02% increase from last year’s quarter.
Annual Forecasts
For the full year, Zacks Consensus Estimates project earnings of $4.46 per share and total revenue of $148.76 billion. These figures reflect drops of -6.3% and -0.85% respectively when compared to the previous year.
Analyst Estimates and Market Sentiment
Recent changes to analyst estimates for Kroger are noteworthy as they often indicate shifts in business trends. Upward adjustments signal analysts’ confidence in Kroger’s operations and profitability potential. Historical data suggests that such revisions are closely linked to stock performance.
Zacks Rank and Its Implications
Utilizing the Zacks Rank, which ranges from #1 (Strong Buy) to #5 (Strong Sell), investors can gain insight into market expectations. The system has demonstrated a strong performance record, with #1 stocks yielding an average annual return of +25% since 1988. Over the last 30 days, Kroger’s EPS consensus has remained unchanged, placing it at a Zacks Rank of #2 (Buy).
Valuation Metrics
Kroger’s Forward P/E ratio stands at 12.69, which is below the industry average of 14.41, indicating it may be undervalued. Additionally, the company holds a PEG ratio of 0.88, suggesting an attractive price relative to its expected earnings growth. In comparison, the average PEG ratio in the Retail – Supermarkets industry was 1.9 as of yesterday’s close.
Industry Ranking
The Retail – Supermarkets industry, part of the broader Retail-Wholesale sector, currently holds a Zacks Industry Rank of 52. This positions it in the top 21% of over 250 industries, indicating a favorable outlook compared to lower-ranked sectors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
