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Kroger (KR) Stock Moves -0.29%: What You Should Know
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Kroger (KR - Free Report) closed the most recent trading day at $48.12, moving -0.29% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the supermarket chain had gained 10.61% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.84% and the S&P 500's gain of 6.77% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. This is expected to be December 1, 2022. The company is expected to report EPS of $0.80, up 2.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $33.91 billion, up 6.42% from the year-ago period.
KR's full-year Zacks Consensus Estimates are calling for earnings of $4.06 per share and revenue of $148.6 billion. These results would represent year-over-year changes of +10.33% and +7.77%, respectively.
Investors should also note any recent changes to analyst estimates for Kroger. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kroger is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Kroger has a Forward P/E ratio of 11.89 right now. Its industry sports an average Forward P/E of 11.89, so we one might conclude that Kroger is trading at a no noticeable deviation comparatively.
It is also worth noting that KR currently has a PEG ratio of 1.02. 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. The Retail - Supermarkets industry currently had an average PEG ratio of 1.42 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 93, which puts it in the top 37% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kroger (KR) Stock Moves -0.29%: What You Should Know
Kroger (KR - Free Report) closed the most recent trading day at $48.12, moving -0.29% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the supermarket chain had gained 10.61% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.84% and the S&P 500's gain of 6.77% in that time.
Wall Street will be looking for positivity from Kroger as it approaches its next earnings report date. This is expected to be December 1, 2022. The company is expected to report EPS of $0.80, up 2.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $33.91 billion, up 6.42% from the year-ago period.
KR's full-year Zacks Consensus Estimates are calling for earnings of $4.06 per share and revenue of $148.6 billion. These results would represent year-over-year changes of +10.33% and +7.77%, respectively.
Investors should also note any recent changes to analyst estimates for Kroger. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kroger is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Kroger has a Forward P/E ratio of 11.89 right now. Its industry sports an average Forward P/E of 11.89, so we one might conclude that Kroger is trading at a no noticeable deviation comparatively.
It is also worth noting that KR currently has a PEG ratio of 1.02. 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. The Retail - Supermarkets industry currently had an average PEG ratio of 1.42 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 93, which puts it in the top 37% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.