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Kroger Second Quarter Earnings Preview
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Kroger (NYSE:KR) will release its second quarter results on Friday, September 7, 2012. Analysts are expecting the company to report a profit of 49 cents a share, up from 41 cents a year ago.
A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: Everything Investors Need To Know About Earnings
What to Expect: The consensus estimate for Kroger's earnings is 49 cents per share, up 19.5% from a year ago when the company reported earnings of 41 cents per share.
For the fiscal year, analysts are expecting earnings of $2.38 per share.
Kroger is expected to report revenue of $21.94 billion for the quarter, beating last year's figure of $20.59 billion by 6.5%. The anticipated revenue for the fiscal year is $96.65 billion.
Company Performance: In the past four quarters, revenue has shown consistent growth. It rose 39% in the first quarter, 5.8% in the first quarter, 7.4% in the fourth quarter of the last fiscal year and 10.1% in the third quarter of the last fiscal year.
A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
The stock price has risen from $21.86 on June 5, 2012 to $22.28 over the past quarter. Kroger's best recent streak was when its price gained $1.60 per share between July 24, 2012 and August 8, 2012.
A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: Everything Investors Need To Know About Earnings
What to Expect: The consensus estimate for Kroger's earnings is 49 cents per share, up 19.5% from a year ago when the company reported earnings of 41 cents per share.
For the fiscal year, analysts are expecting earnings of $2.38 per share.
Kroger is expected to report revenue of $21.94 billion for the quarter, beating last year's figure of $20.59 billion by 6.5%. The anticipated revenue for the fiscal year is $96.65 billion.
Company Performance: In the past four quarters, revenue has shown consistent growth. It rose 39% in the first quarter, 5.8% in the first quarter, 7.4% in the fourth quarter of the last fiscal year and 10.1% in the third quarter of the last fiscal year.
A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
The stock price has risen from $21.86 on June 5, 2012 to $22.28 over the past quarter. Kroger's best recent streak was when its price gained $1.60 per share between July 24, 2012 and August 8, 2012.
by
Investopedia Staff
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