We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kroger (KR) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
In the latest trading session, Kroger (KR - Free Report) closed at $61.06, marking a +1.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 0.51%.
The supermarket chain's stock has dropped by 1.28% in the past month, falling short of the Retail-Wholesale sector's gain of 5.46% and the S&P 500's gain of 1.67%.
The upcoming earnings release of Kroger will be of great interest to investors. It is anticipated that the company will report an EPS of $1.10, marking a 17.91% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $34.62 billion, reflecting a 6.6% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and a revenue of $147.52 billion, representing changes of -6.72% and -1.68%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kroger. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. Kroger is currently a Zacks Rank #3 (Hold).
Digging into valuation, Kroger currently has a Forward P/E ratio of 13.58. Its industry sports an average Forward P/E of 13.64, so one might conclude that Kroger is trading at a discount comparatively.
Meanwhile, KR's PEG ratio is currently 2.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Retail - Supermarkets industry held an average PEG ratio of 2.32.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 193, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kroger (KR) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Kroger (KR - Free Report) closed at $61.06, marking a +1.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 0.51%.
The supermarket chain's stock has dropped by 1.28% in the past month, falling short of the Retail-Wholesale sector's gain of 5.46% and the S&P 500's gain of 1.67%.
The upcoming earnings release of Kroger will be of great interest to investors. It is anticipated that the company will report an EPS of $1.10, marking a 17.91% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $34.62 billion, reflecting a 6.6% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and a revenue of $147.52 billion, representing changes of -6.72% and -1.68%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kroger. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. Kroger is currently a Zacks Rank #3 (Hold).
Digging into valuation, Kroger currently has a Forward P/E ratio of 13.58. Its industry sports an average Forward P/E of 13.64, so one might conclude that Kroger is trading at a discount comparatively.
Meanwhile, KR's PEG ratio is currently 2.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Retail - Supermarkets industry held an average PEG ratio of 2.32.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 193, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.