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Kroger (KR) Stock Sinks As Market Gains: What You Should Know
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Kroger (KR - Free Report) closed the most recent trading day at $39.47, moving -0.9% from the previous trading session. This move lagged the S&P 500's daily gain of 0.3%.
Coming into today, shares of the supermarket chain had lost 4.69% in the past month. In that same time, the Retail-Wholesale sector lost 4.97%, while the S&P 500 lost 2.37%.
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 $0.65 per share. This would mark a year-over-year decline of 8.45%. Meanwhile, our latest consensus estimate is calling for revenue of $30.87 billion, up 3.86% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.33 per share and revenue of $135.59 billion, which would represent changes of -4.03% and +2.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for KR. 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.
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 0.38% higher. KR is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note KR's current valuation metrics, including its Forward P/E ratio of 11.98. Its industry sports an average Forward P/E of 13.52, so we one might conclude that KR is trading at a discount comparatively.
Also, we should mention that KR has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Supermarkets was holding an average PEG ratio of 1.13 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 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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Kroger (KR) Stock Sinks As Market Gains: What You Should Know
Kroger (KR - Free Report) closed the most recent trading day at $39.47, moving -0.9% from the previous trading session. This move lagged the S&P 500's daily gain of 0.3%.
Coming into today, shares of the supermarket chain had lost 4.69% in the past month. In that same time, the Retail-Wholesale sector lost 4.97%, while the S&P 500 lost 2.37%.
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 $0.65 per share. This would mark a year-over-year decline of 8.45%. Meanwhile, our latest consensus estimate is calling for revenue of $30.87 billion, up 3.86% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.33 per share and revenue of $135.59 billion, which would represent changes of -4.03% and +2.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for KR. 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.
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 0.38% higher. KR is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note KR's current valuation metrics, including its Forward P/E ratio of 11.98. Its industry sports an average Forward P/E of 13.52, so we one might conclude that KR is trading at a discount comparatively.
Also, we should mention that KR has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Supermarkets was holding an average PEG ratio of 1.13 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 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.