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Kroger (KR) Stock Moves -1.7%: What You Should Know

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In the latest trading session, Kroger (KR - Free Report) closed at $25.39, marking a -1.7% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.41%. At the same time, the Dow lost 2.38%, and the tech-heavy Nasdaq lost 3.41%.

Prior to today's trading, shares of the supermarket chain had gained 0.35% over the past month. This has outpaced the Retail-Wholesale sector's loss of 0.45% and the S&P 500's loss of 0.08% in that time.

Wall Street will be looking for positivity from KR as it approaches its next earnings report date. In that report, analysts expect KR to post earnings of $0.73 per share. This would mark no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $36.88 billion, down 1.73% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.22 per share and revenue of $122.14 billion, which would represent changes of +5.21% and +0.81%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for KR. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% lower. KR is currently a Zacks Rank #4 (Sell).

In terms of valuation, KR is currently trading at a Forward P/E ratio of 11.63. This valuation marks a discount compared to its industry's average Forward P/E of 14.96.

Also, we should mention that KR has a PEG ratio of 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Supermarkets stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.

The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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