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Kroger Third Quarter Earnings Preview
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Kroger (NYSE:KR) will release its third quarter results on Thursday, November 29, 2012. Analysts are expecting the company to report a profit of 43 cents a share, up from 33 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: Can Earnings Guidance Accurately Predict The Future?
What to Expect: Analysts are expecting Kroger to report earnings of 43 cents per share, up 30.3% from a year ago, when the company reported earnings of 33 cents per share.
The consensus estimate has risen from 42 cents three months ago but is unchanged from 30 days ago. Analysts are projecting earnings of $2.41 per share for the fiscal year.
Revenue is expected to exceed last year's figure of $21.41 billion by 1.1% and come in at $21.63 billion for the quarter. Kroger is expected to report revenue of $96.28 billion for the fiscal year.
Company Performance: These last four quarters have marked year-over-year revenue growth. It increased 5.5% to $21.73 billion in the second quarter. Prior to that, the figure rose 39% in the first quarter, 5.8% in the first quarter and 7.4% in the fourth quarter of the last fiscal year.
KR's P/E ratio is 22.1. Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. 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: Profit With The Power Of Price-To-Earnings
The stock price has risen from $22.20 on August 28, 2012 to $24.98 over the past quarter. The price is within 46 cents of its 52-week high, which was set on October 31, 2012 at $25.44. Kroger's best recent streak was when its price gained $1.58 per share between October 15, 2012 and October 17, 2012.
The Competition: Kroger is a retail chain operating food and drug stores, multi-department stores, jewelry stores, and convenience stores in the United States. The majority of analysts (10 of 18) give Kroger a buy rating. They have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
The company's closest competitor in the retail (grocery) industry is Delhaize (DEG). Analysts are more optimistic about Kroger than about Delhaize. Only zero out of one analysts rate the latter a buy.
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: Can Earnings Guidance Accurately Predict The Future?
What to Expect: Analysts are expecting Kroger to report earnings of 43 cents per share, up 30.3% from a year ago, when the company reported earnings of 33 cents per share.
The consensus estimate has risen from 42 cents three months ago but is unchanged from 30 days ago. Analysts are projecting earnings of $2.41 per share for the fiscal year.
Revenue is expected to exceed last year's figure of $21.41 billion by 1.1% and come in at $21.63 billion for the quarter. Kroger is expected to report revenue of $96.28 billion for the fiscal year.
Company Performance: These last four quarters have marked year-over-year revenue growth. It increased 5.5% to $21.73 billion in the second quarter. Prior to that, the figure rose 39% in the first quarter, 5.8% in the first quarter and 7.4% in the fourth quarter of the last fiscal year.
The stock price has risen from $22.20 on August 28, 2012 to $24.98 over the past quarter. The price is within 46 cents of its 52-week high, which was set on October 31, 2012 at $25.44. Kroger's best recent streak was when its price gained $1.58 per share between October 15, 2012 and October 17, 2012.
The Competition: Kroger is a retail chain operating food and drug stores, multi-department stores, jewelry stores, and convenience stores in the United States. The majority of analysts (10 of 18) give Kroger a buy rating. They have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
The company's closest competitor in the retail (grocery) industry is Delhaize (DEG). Analysts are more optimistic about Kroger than about Delhaize. Only zero out of one analysts rate the latter a buy.
by
Investopedia Staff
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