Kroger stock outperforms, positive news with earnings and revenue growth expected

From Nasdaq: 2024-11-25 18:00:03

Kroger (KR) closed at $60.09, up 1.47% from the previous day, outperforming the S&P 500. The stock has gained 3.22% in the past month, slightly below the sector average. Earnings per share (EPS) are projected to increase by 3.16% in the upcoming report on December 5, 2024, with revenue expected to grow by 1.02%.

Analysts are closely monitoring Kroger’s upcoming earnings report, predicting EPS of $0.98 and revenue of $34.3 billion. Recent estimate revisions reflect changing business dynamics, with positive changes indicating optimism. The Zacks Rank system, currently at #3 (Hold) for Kroger, has shown a strong track record of exceeding expectations and influencing stock prices.

Kroger’s valuation metrics are favorable, with a Forward P/E ratio of 13.27 compared to the industry average of 13.67. The PEG ratio of 0.92 suggests undervaluation, as the industry average stands at 1.76. The Retail – Supermarkets industry ranks within the bottom 14% of over 250 industries, indicating room for improvement.

Zacks Research Chief identifies a stock with the potential to double in value. This top pick in the financial sector boasts innovative solutions and a growing customer base. Investors can access more stock recommendations from Zacks Investment Research to stay informed about market trends and potential opportunities for growth.



Read more at Nasdaq: Kroger (KR) Outperforms Broader Market: What You Need to Know