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Kroger (KR) Stock Moves -0.46%: What You Should Know
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In the latest trading session, Kroger (KR - Free Report) closed at $47.53, marking a -0.46% move from the previous day. This change was narrower than the S&P 500's 0.84% loss on the day. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the supermarket chain had gained 3.36% over the past month, outpacing the Retail-Wholesale sector's gain of 3.28% and the S&P 500's gain of 2.02% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. In that report, analysts expect Kroger to post earnings of $0.81 per share. This would mark year-over-year growth of 1.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.99 billion, up 7.27% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.91 per share and revenue of $147.07 billion, which would represent changes of +6.25% and +6.66%, respectively, from the prior year.
Any recent changes to analyst estimates for Kroger should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. Within the past 30 days, our consensus EPS projection has moved 2.16% higher. Kroger currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Kroger currently has a Forward P/E ratio of 12.22. For comparison, its industry has an average Forward P/E of 11, which means Kroger is trading at a premium to the group.
We can also see that KR currently has a PEG ratio of 1.08. 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. Retail - Supermarkets stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 239, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Kroger (KR) Stock Moves -0.46%: What You Should Know
In the latest trading session, Kroger (KR - Free Report) closed at $47.53, marking a -0.46% move from the previous day. This change was narrower than the S&P 500's 0.84% loss on the day. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the supermarket chain had gained 3.36% over the past month, outpacing the Retail-Wholesale sector's gain of 3.28% and the S&P 500's gain of 2.02% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. In that report, analysts expect Kroger to post earnings of $0.81 per share. This would mark year-over-year growth of 1.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.99 billion, up 7.27% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.91 per share and revenue of $147.07 billion, which would represent changes of +6.25% and +6.66%, respectively, from the prior year.
Any recent changes to analyst estimates for Kroger should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. Within the past 30 days, our consensus EPS projection has moved 2.16% higher. Kroger currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Kroger currently has a Forward P/E ratio of 12.22. For comparison, its industry has an average Forward P/E of 11, which means Kroger is trading at a premium to the group.
We can also see that KR currently has a PEG ratio of 1.08. 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. Retail - Supermarkets stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 239, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.