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Kroger (KR) Stock Moves -1.65%: What You Should Know
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Kroger (KR - Free Report) closed the most recent trading day at $43, moving -1.65% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the supermarket chain had lost 9.59% over the past month, lagging the Retail-Wholesale sector's loss of 3.15% and the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. On that day, Kroger is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 2.56%. Our most recent consensus estimate is calling for quarterly revenue of $33.92 billion, up 6.48% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.04 per share and revenue of $148.62 billion. These totals would mark changes of +9.78% and +7.78%, respectively, from last year.
Any recent changes to analyst estimates for Kroger should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.13% higher. 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 10.82. Its industry sports an average Forward P/E of 10.82, so we one might conclude that Kroger is trading at a no noticeable deviation comparatively.
Meanwhile, KR's PEG ratio is currently 0.93. 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 was holding an average PEG ratio of 1.5 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow KR in the coming trading sessions, be sure to utilize Zacks.com.
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Kroger (KR) Stock Moves -1.65%: What You Should Know
Kroger (KR - Free Report) closed the most recent trading day at $43, moving -1.65% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the supermarket chain had lost 9.59% over the past month, lagging the Retail-Wholesale sector's loss of 3.15% and the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. On that day, Kroger is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 2.56%. Our most recent consensus estimate is calling for quarterly revenue of $33.92 billion, up 6.48% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.04 per share and revenue of $148.62 billion. These totals would mark changes of +9.78% and +7.78%, respectively, from last year.
Any recent changes to analyst estimates for Kroger should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.13% higher. 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 10.82. Its industry sports an average Forward P/E of 10.82, so we one might conclude that Kroger is trading at a no noticeable deviation comparatively.
Meanwhile, KR's PEG ratio is currently 0.93. 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 was holding an average PEG ratio of 1.5 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow KR in the coming trading sessions, be sure to utilize Zacks.com.