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The Kroger Co. (KR - Analyst Report) is slated to report its second-quarter fiscal 2013 results on Sep 12, 2013. In the last quarter, it posted a positive surprise of 4.6%. 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 second quarter currently stands at 60 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 $2.80 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 7 quarters by an average of 8.3%.

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. 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:

Lumber Liquidators Holdings, Inc. (LL - Snapshot Report), Earnings ESP of +9.09% and a Zacks Rank #1 (Strong Buy).

The Home Depot, Inc. (HD - Analyst Report), Earnings ESP of +1.12% and a Zacks Rank #2 (Buy).

The Buckle, Inc. (BKE - Snapshot Report), Earnings ESP of +1.10% and a Zacks Rank #3 (Hold).

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