Kroger Poised for Growth as Evercore ISI Projects …
From Financial Modeling Prep: 2025-03-03 12:23:00
Evercore ISI analysts maintain an Outperform rating on Kroger (NYSE:KR) with a $75 price target, expecting an 8-10% upside before its Q4 earnings release on March 6. Kroger’s resilience in a tough consumer market and strong industry backdrop are key factors driving investor confidence.
Q4 performance outlook for Kroger looks promising, with earnings per share forecasted at $1.14, exceeding the Street’s estimate of $1.11. Identical sales growth is also expected to surpass the 2% consensus, with the return of Express Scripts (ESI) likely to boost sales momentum.
Kroger’s full-year guidance may range from $4.75 to $4.95 per share, in line with its historical 8-11% total shareholder return (TSR) framework. Factors like inflation, consumer value focus, and demand for healthier options are seen as growth catalysts. Evercore analysts believe Kroger is well-positioned for strong financial performance in 2025 and beyond, with sustained EBITDA expansion and share repurchases supporting its sales trajectory.
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