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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 $49.08, moving -0.37% from the previous trading session. This change lagged the S&P 500's 0.03% gain on the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.12%.
Prior to today's trading, shares of the supermarket chain had gained 4.03% over the past month. This has lagged the Retail-Wholesale sector's gain of 5.21% and outpaced the S&P 500's gain of 1.66% in that time.
Investors will be hoping for strength from Kroger as it approaches its next earnings release. On that day, Kroger is projected to report earnings of $0.92 per share, which would represent year-over-year growth of 2.22%. Our most recent consensus estimate is calling for quarterly revenue of $34.24 billion, down 1.15% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.52 per share and revenue of $151.55 billion. These totals would mark changes of +6.86% and +2.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kroger. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Kroger is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Kroger has a Forward P/E ratio of 10.9 right now. This represents a discount compared to its industry's average Forward P/E of 13.09.
Investors should also note that KR has a PEG ratio of 1.89 right now. 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. KR's industry had an average PEG ratio of 1.89 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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.
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 the most recent trading day at $49.08, moving -0.37% from the previous trading session. This change lagged the S&P 500's 0.03% gain on the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.12%.
Prior to today's trading, shares of the supermarket chain had gained 4.03% over the past month. This has lagged the Retail-Wholesale sector's gain of 5.21% and outpaced the S&P 500's gain of 1.66% in that time.
Investors will be hoping for strength from Kroger as it approaches its next earnings release. On that day, Kroger is projected to report earnings of $0.92 per share, which would represent year-over-year growth of 2.22%. Our most recent consensus estimate is calling for quarterly revenue of $34.24 billion, down 1.15% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.52 per share and revenue of $151.55 billion. These totals would mark changes of +6.86% and +2.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kroger. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Kroger is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Kroger has a Forward P/E ratio of 10.9 right now. This represents a discount compared to its industry's average Forward P/E of 13.09.
Investors should also note that KR has a PEG ratio of 1.89 right now. 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. KR's industry had an average PEG ratio of 1.89 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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.
To follow KR in the coming trading sessions, be sure to utilize Zacks.com.