Kroger reports Q1 earnings June 16

What's Happening With KR View more about KR >

Kroger (KR) is scheduled to report its first-quarter results on June 16. The company will post its quarterly results before the market open, with the consensus calling for earnings of $0.69 per share, up from $0.62 during the same period last year. The stock is currently down 12.4% on the year.

Technical Analysis

KR was recently trading at $36.63, down $6.12 from its 12-month high and $9.31 above its 12-month low. Technical indicators for KR are bearish and the stock is showing signs of a possible trend reversal. The stock has recent support above $35.40 and is trading above recent resistance. Of the 16 analysts who cover the stock, 10 rate it a “strong buy”, two rate it a “buy”, two rate it a “hold”, and two rate rate it a “strong sell”. The stock receives S&P Capital IQ’s 4 STARS “Buy” ranking.

Analysts' Thoughts

It has been a mixed earnings season for retailers, but recent strength from both Costco (COST) and Wal-Mart (WMT) suggest that Kroger could likely top analysts estimates. The consensus calls for earnings of $0.69 per share, but the street has a slightly higher whisper number of $0.71. The bullish whisper number is a good indicator that Kroger is likely to top the forecast, but it also puts additional pressure on the stock should the results fail to impress Wall Street. KR shares are trading with a P/E of 17.8, which should limit any downside risk in the event of a possible earnings miss. Analysts expect the company to grow earnings by 9.2% this year, which combined with the low valuation should help shares recover their recent losses as long as Kroger is able to hit its estimates.

KR
About Kroger Company (The)

Kroger is the leading American grocer, with 2,764 supermarkets operating under several banners throughout the country as of the end of fiscal 2018. Around 82% of stores have pharmacies, while over half also sell fuel. The company also operated 274 fine jewelry stores at the end of fiscal 2017. Kroger features a leading private-label offering and manufactures around a third of its own-brand units (and 43% of its grocery own-label assortment) itself, in 37 food production plants nationwide. Kroger is a top-two grocer in 46 of the 52 major markets in which it operates along with 54 of its 73 secondary markets (as of the end of fiscal 2017, according to IRI data). Virtually all of Kroger's sales come from the United States.

  • Last Price:
    $23.64
  • Previous Close:
    $23.64
  • Change:
    $0.00 (0.00%)
  • Open:
    $0.00
  • Volume:
    1,191,888
  • Average Volume (100 Day):
    8,239,810
  • Market Capitalization:
    $19.1 B
  • Day's Range:
    $0.00 - $0.00
  • Dividend Yield:
    2.37%
  • 52-week Range:
    $33 - $22.44
  • P-E:
    6.40
  • EPS:
    $3.71
  • Earnings Date:
    6/20/19
  • Ex Dividend Date:
    5/14/19
  • Sector:
    Consumer Defensive
  • Industry:
    Grocery Stores
  • Analyst Average Recommendation:
    Moderate Buy

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