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Kroger (KR) Exceeds Market Returns: Some Facts to Consider
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Kroger (KR - Free Report) closed the most recent trading day at $56.87, moving +1.99% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.05%. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq lost 0.64%.
Shares of the supermarket chain have depreciated by 3.48% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 0.78%, and the S&P 500's gain of 0.61%.
Market participants will be closely following the financial results of Kroger in its upcoming release. It is anticipated that the company will report an EPS of $1.05, marking a 0.96% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.78 billion, up 2.47% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.21 per share and revenue of $151.36 billion, which would represent changes of +7.42% and +2.52%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kroger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.12% decrease. Kroger is currently a Zacks Rank #3 (Hold).
In terms of valuation, Kroger is presently being traded at a Forward P/E ratio of 10.7. This denotes a discount relative to the industry average Forward P/E of 14.19.
Meanwhile, KR's PEG ratio is currently 1.5. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Supermarkets was holding an average PEG ratio of 2.04 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Kroger (KR) Exceeds Market Returns: Some Facts to Consider
Kroger (KR - Free Report) closed the most recent trading day at $56.87, moving +1.99% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.05%. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq lost 0.64%.
Shares of the supermarket chain have depreciated by 3.48% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 0.78%, and the S&P 500's gain of 0.61%.
Market participants will be closely following the financial results of Kroger in its upcoming release. It is anticipated that the company will report an EPS of $1.05, marking a 0.96% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.78 billion, up 2.47% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.21 per share and revenue of $151.36 billion, which would represent changes of +7.42% and +2.52%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kroger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.12% decrease. Kroger is currently a Zacks Rank #3 (Hold).
In terms of valuation, Kroger is presently being traded at a Forward P/E ratio of 10.7. This denotes a discount relative to the industry average Forward P/E of 14.19.
Meanwhile, KR's PEG ratio is currently 1.5. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Supermarkets was holding an average PEG ratio of 2.04 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.