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Kroger (KR) Stock Sinks As Market Gains: What You Should Know
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Kroger (KR - Free Report) closed at $33.10 in the latest trading session, marking a -1.78% move from the prior day. This move lagged the S&P 500's daily gain of 1.39%. At the same time, the Dow added 1.57%, and the tech-heavy Nasdaq gained 1.56%.
Investors will be hoping for strength from KR as it approaches its next earnings release. The company is expected to report EPS of $0.69, up 21.05% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.01 billion, up 7.33% from the year-ago period.
Any recent changes to analyst estimates for KR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.82% lower. KR is currently a Zacks Rank #3 (Hold).
Looking at its valuation, KR is holding a Forward P/E ratio of 10.29. This represents a discount compared to its industry's average Forward P/E of 22.29.
Meanwhile, KR's PEG ratio is currently 1.63. 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. The Retail - Supermarkets was holding an average PEG ratio of 2.6 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KR in the coming trading sessions, be sure to utilize Zacks.com.
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Kroger (KR) Stock Sinks As Market Gains: What You Should Know
Kroger (KR - Free Report) closed at $33.10 in the latest trading session, marking a -1.78% move from the prior day. This move lagged the S&P 500's daily gain of 1.39%. At the same time, the Dow added 1.57%, and the tech-heavy Nasdaq gained 1.56%.
Investors will be hoping for strength from KR as it approaches its next earnings release. The company is expected to report EPS of $0.69, up 21.05% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.01 billion, up 7.33% from the year-ago period.
Any recent changes to analyst estimates for KR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.82% lower. KR is currently a Zacks Rank #3 (Hold).
Looking at its valuation, KR is holding a Forward P/E ratio of 10.29. This represents a discount compared to its industry's average Forward P/E of 22.29.
Meanwhile, KR's PEG ratio is currently 1.63. 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. The Retail - Supermarkets was holding an average PEG ratio of 2.6 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KR in the coming trading sessions, be sure to utilize Zacks.com.