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Kroger (KR) Dips More Than Broader Markets: What You Should Know
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Kroger (KR - Free Report) closed at $47.01 in the latest trading session, marking a -0.8% move from the prior day. This change lagged the S&P 500's 0.28% loss on the day. At the same time, the Dow lost 0.51%, and the tech-heavy Nasdaq gained 0.06%.
Heading into today, shares of the supermarket chain had lost 2.77% over the past month, lagging the Retail-Wholesale sector's loss of 0.75% and outpacing the S&P 500's loss of 2.85% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. The company is expected to report EPS of $0.92, up 2.22% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 might also notice 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. 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.
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 remained stagnant. Kroger is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Kroger is currently trading at a Forward P/E ratio of 10.48. For comparison, its industry has an average Forward P/E of 13.5, which means Kroger is trading at a discount to the group.
Also, we should mention that KR has a PEG ratio of 1.82. 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 industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kroger (KR) Dips More Than Broader Markets: What You Should Know
Kroger (KR - Free Report) closed at $47.01 in the latest trading session, marking a -0.8% move from the prior day. This change lagged the S&P 500's 0.28% loss on the day. At the same time, the Dow lost 0.51%, and the tech-heavy Nasdaq gained 0.06%.
Heading into today, shares of the supermarket chain had lost 2.77% over the past month, lagging the Retail-Wholesale sector's loss of 0.75% and outpacing the S&P 500's loss of 2.85% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. The company is expected to report EPS of $0.92, up 2.22% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 might also notice 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. 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.
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 remained stagnant. Kroger is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Kroger is currently trading at a Forward P/E ratio of 10.48. For comparison, its industry has an average Forward P/E of 13.5, which means Kroger is trading at a discount to the group.
Also, we should mention that KR has a PEG ratio of 1.82. 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 industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.