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Kroger (KR) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Kroger (KR - Free Report) closed at $37.35, marking a -0.21% move from the previous day. This move lagged the S&P 500's daily gain of 1.09%.
Heading into today, shares of the supermarket chain had gained 2.58% over the past month, outpacing the Retail-Wholesale sector's loss of 0.67% and lagging the S&P 500's gain of 5.05% in that time.
KR will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.99, down 18.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $39.22 billion, down 5.6% from the year-ago period.
KR's full-year Zacks Consensus Estimates are calling for earnings of $2.83 per share and revenue of $129.79 billion. These results would represent year-over-year changes of -18.44% and -2.04%, respectively.
It is also important to note the recent changes to analyst estimates for KR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. KR is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, KR currently has a Forward P/E ratio of 13.24. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 13.24.
We can also see that KR currently has a PEG ratio of 2.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Supermarkets was holding an average PEG ratio of 2.17 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% 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.
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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Kroger (KR) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Kroger (KR - Free Report) closed at $37.35, marking a -0.21% move from the previous day. This move lagged the S&P 500's daily gain of 1.09%.
Heading into today, shares of the supermarket chain had gained 2.58% over the past month, outpacing the Retail-Wholesale sector's loss of 0.67% and lagging the S&P 500's gain of 5.05% in that time.
KR will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.99, down 18.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $39.22 billion, down 5.6% from the year-ago period.
KR's full-year Zacks Consensus Estimates are calling for earnings of $2.83 per share and revenue of $129.79 billion. These results would represent year-over-year changes of -18.44% and -2.04%, respectively.
It is also important to note the recent changes to analyst estimates for KR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. KR is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, KR currently has a Forward P/E ratio of 13.24. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 13.24.
We can also see that KR currently has a PEG ratio of 2.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Supermarkets was holding an average PEG ratio of 2.17 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.