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Why the Market Dipped But Kroger (KR) Gained Today
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In the latest trading session, Kroger (KR - Free Report) closed at $68.36, marking a +2.4% move from the previous day. This change outpaced the S&P 500's 0.51% loss on the day. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw a decrease of 1.07%.
The supermarket chain's shares have seen an increase of 13.1% over the last month, surpassing the Retail-Wholesale sector's gain of 3.73% and the S&P 500's loss of 0.87%.
The investment community will be paying close attention to the earnings performance of Kroger in its upcoming release. The company is expected to report EPS of $1.16, up 10.48% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $34.57 billion, showing a 2.1% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.2 per share and revenue of $150.67 billion, which would represent changes of +7.22% and +2.05%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Kroger. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Kroger currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Kroger is presently being traded at a Forward P/E ratio of 12.85. This signifies a discount in comparison to the average Forward P/E of 14.19 for its industry.
We can also see that KR currently has a PEG ratio of 1.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. KR's industry had an average PEG ratio of 1.95 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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Why the Market Dipped But Kroger (KR) Gained Today
In the latest trading session, Kroger (KR - Free Report) closed at $68.36, marking a +2.4% move from the previous day. This change outpaced the S&P 500's 0.51% loss on the day. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw a decrease of 1.07%.
The supermarket chain's shares have seen an increase of 13.1% over the last month, surpassing the Retail-Wholesale sector's gain of 3.73% and the S&P 500's loss of 0.87%.
The investment community will be paying close attention to the earnings performance of Kroger in its upcoming release. The company is expected to report EPS of $1.16, up 10.48% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $34.57 billion, showing a 2.1% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.2 per share and revenue of $150.67 billion, which would represent changes of +7.22% and +2.05%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Kroger. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Kroger currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Kroger is presently being traded at a Forward P/E ratio of 12.85. This signifies a discount in comparison to the average Forward P/E of 14.19 for its industry.
We can also see that KR currently has a PEG ratio of 1.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. KR's industry had an average PEG ratio of 1.95 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.