Kroger (KR) wrapped up the latest trading day at $46.15, experiencing a -0.82% change from the previous session. This decline contrasted with the S&P 500's daily gain of 0.88%, while the Dow added 0.54%, and the tech-heavy Nasdaq rose by 1.35%.
Leading up to today's trading, shares of the supermarket chain had seen a 3.4% increase over the past month. This growth surpassed the Retail-Wholesale sector's gain of 0.38% and the S&P 500's increase of 0.64% during the same period.
Investors are now turning their attention to Kroger's upcoming earnings disclosure, set to unveil on [insert date]. Projections for the upcoming earnings per share (EPS) stand at $1.13, reflecting a notable 14.14% increase compared to the same quarter last year. Simultaneously, the latest consensus estimate expects revenue to reach $37.27 billion, indicating a 7.01% escalation from the year-ago quarter.
For the full year, Zacks Consensus Estimates project earnings of $4.56 per share and revenue of $150.23 billion, showcasing changes of +7.8% and +1.33%, respectively, from the preceding year.
Recent adjustments to analyst estimates for Kroger are noteworthy, as they often reflect the shifting dynamics of short-term business patterns. Positive estimate revisions can be considered a sign of optimism about the company's business outlook.
Research indicates that these adjustments are closely tied to imminent stock price performance. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), leverages these estimate changes and has a strong track record since 1988, with #1 stocks delivering an average annual return of +25%. As of now, Kroger holds a Zacks Rank of #3 (Hold).
In terms of valuation, Kroger is currently trading at a Forward P/E ratio of 10.2, representing a discount compared to its industry's average Forward P/E of 13.66.
Additionally, KR has a PEG ratio of 2.31. The PEG ratio, resembling the frequently used P/E ratio, also includes the company's expected earnings growth trajectory. As of yesterday's close, the Retail - Supermarkets industry had an average PEG ratio of 1.03.
The Retail - Supermarkets industry, part of the Retail-Wholesale sector, boasts a Zacks Industry Rank of 11, placing it in the top 5% of all 250+ industries. The Zacks Industry Rank gauges industry group strength by measuring the average Zacks Rank of individual stocks within the groups.
Research shows that top 50% rated industries tend to outperform the bottom half by a factor of 2 to 1. For those tracking KR in the upcoming trading sessions, consider utilizing Zacks.com for reliable insights.
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