In the latest trading session, Kroger (KR - Free Report) closed at $25.77, marking a +0.23% move from the previous day. This move outpaced the S&P 500's daily loss of 1.65%. At the same time, the Dow lost 1.79%, and the tech-heavy Nasdaq lost 1.96%.
Heading into today, shares of the supermarket chain had gained 7.75% over the past month, outpacing the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 1.53% in that time.
Investors will be hoping for strength from KR as it approaches its next earnings release. The company is expected to report EPS of $0.73, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $36.88 billion, down 1.73% from the prior-year quarter.
KR's full-year Zacks Consensus Estimates are calling for earnings of $2.22 per share and revenue of $122.14 billion. These results would represent year-over-year changes of +5.21% and +0.81%, respectively.
Investors might also notice recent changes to analyst estimates for KR. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. The Zacks Consensus EPS estimate has moved 0.27% lower within the past month. KR is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that KR has a Forward P/E ratio of 11.58 right now. This represents a discount compared to its industry's average Forward P/E of 15.09.
We can also see that KR currently has a PEG ratio of 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KR's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.