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The Kroger Co. (KR - Analyst Report) is slated to report its first-quarter fiscal 2013 results on Jun 20, 2013. In the last quarter, it posted a positive surprise of 25.7%. Let’s see how things are shaping up for this announcement.

A dominant position among the nation’s largest grocery retailers enables Kroger to sustain growth in both its top and bottom line, expand its store base, and boost its market share. The company’s strong corporate and national brands helped it gain customer loyalty. These factors, along with the Customer 1st strategy and effective cost management helped the company post better-than-expected results in the last quarter.

The Zacks Consensus Estimate for the first quarter currently stands at 88 cents a share, which rose by a penny in the last 60 days. However, no movement was noticed in the last 7 or 30 days. For fiscal 2013, the Zacks Consensus Estimate is pegged at $2.77 per share, and has not shown any movement over either 7, 30 or 60 days.

Looking at the earnings surprise history of Kroger, this Zacks Rank #2 (Buy) stock has outperformed the Zacks Consensus Estimate in the last 6 quarters by an average of 8.9%.

Our proven model shows that for a stock to beat earnings estimate this quarter, it needs to have a combination of two key components - a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank #1, #2 or #3 for this to happen. Stocks with Zacks Rank #1, #2 and #3 have a significantly higher chance of beating earnings estimates. The sell-rated stocks (Zacks Rank #4 and #5) should never be considered going into an earnings announcement.

Other Stocks to Consider

Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

PetMed Express, Inc. (PETS - Analyst Report), Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy).

Flowers Foods, Inc. (FLO - Snapshot Report), Earnings ESP of +2.86% and a Zacks Rank #1 (Strong Buy).

CBS Corp. (CBS - Analyst Report), Earnings ESP of +2.82% and a Zacks Rank #3 (Hold).

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