Kroger (KR) anticipates a quarterly profit of $0.91 this week, which might provide a decent long signal. However, the technical outlook remains neutral, from where a range breakout is needed before forming a trend.
Kroger (KR) Earnings Forecast
The consensus earnings per share (EPS) predicted for the quarter has not changed in the past 30 days. This represents the underlying analysts' overall reevaluation of their initial projections during this period.
Kroger (KR) is anticipated to report a quarterly profit of $0.91 per share in its coming assessment, representing a 5.2% decrease from last year. Analysts predict earnings of $34.09 billion, or 0.7% more than the previous year.
Any adjustments to earnings forecasts must be considered before a company releases its earnings. These adjustments are essential for forecasting potential investor responses to the stock.
Kroger (KR) Revenue Segment Forecast
According to the analysts' collective evaluation, "Sales—Total revenue for retail consumers without fuel" is expected to be $29.94 billion, an annual change of +1%.
The estimated consensus for "Sales-Supermarket fuel sales " is $3.81 billion. The estimate shows a -3.6 % change from the previous year.
'Sales- Other sales' is expected to amount to $267.52 million depending on the analysts' collaborative estimate. According to the estimate, the difference from the quarter a year ago was +4.5%.
'The number of supermarkets/retail food stores' is predicted by analysts to be 2,727. The estimate is contrasted with the 2,739 value from a year ago.
Kroger (KR) Key Metrics Analysis
Kroger is presently trading at a Forward P/E amount of 11.96, which indicates its valuation. This indicates a discount to its industry's typical Forward P/E of 14.34.
It is also evident that KR currently has a PEG number of 0.83. Similar to the commonly used P/E ratio, the PEG ratio also considers the company's projected trajectory for earnings growth.
KR Stock Forecast Technical Analysis
In the daily chart of KR stock price, the recent price shows a buying pressure from the 49.06 support level, creating a bullish continuation opportunity. After finding a peak at the 55.79 level, the price showed a downside correction in the moving average wave.
Based on the bullish outlook of KR, the upside continuation is potent as long as the current Kroger stock price hovers above the MA wave zone. As the price is stalling at the near-term support level, a successful selling pressure with an immediate recovery from the 51.71 to 49.06 zone could be a long opportunity. In that case, the buying pressure could extend and find a resistance at the 58.35 static level.
The alternative approach is to have an immediate bearish pressure below the 50.00 level, which might extend the loss towards the 44.45 support level.
