In its upcoming report, Kroger (KR) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 0.7% compared to the same period last year. Revenues are forecasted to be $45.38 billion, representing a year-over-year increase of 0.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Kroger metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Sales- Total sales to retail customers without fuel' to come in at $40.45 billion. The estimate indicates a change of +1.2% from the prior-year quarter.
Analysts' assessment points toward 'Sales- Supermarket fuel sales' reaching $4.67 billion. The estimate indicates a year-over-year change of -5.8%.
The consensus among analysts is that 'Sales- Other sales' will reach $356.04 million. The estimate suggests a change of +3.5% year over year.
View all Key Company Metrics for Kroger here>>>
Shares of Kroger have demonstrated returns of -4.8% over the past month compared to the Zacks S&P 500 composite's +1.7% change. With a Zacks Rank #4 (Sell), KR is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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The Kroger Co. (KR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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