Key TakeawaysKroger's stock surged Thursday as the grocery chain's fourth-quarter profit beat analyst estimates and the company issued strong earnings guidance for the full year of fiscal 2024.Last week, the Federal Trade Commission filed a lawsuit to halt Kroger's $25 billion merger with Albertsons, alleging it would decrease competition and raise prices.Kroger said it is continuing its pause of stock buybacks as it pursues the Albertsons merger. Kroger's (KR) shares jumped over 8% in early trading Thursda ...

The Kroger Co. (KR) came up with fourth-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line beat the same. Both the metrics improved from the year-ago period. Additionally, the company witnessed a decline in identical sales without fuel.Kroger appears to be navigating a tough operating landscape, characterized by a tightening consumer spending environment. Also, the grocery industry is witnessing increased competition, with retailers actively working ...

Core Viewpoint - Kroger's stock has shown strong performance, increasing by 13.2% over the past month and reaching a 52-week high of $50.65, outperforming both the Zacks Retail-Wholesale sector and the Zacks Retail - Supermarkets industry [1] Performance Summary - Kroger has consistently exceeded earnings expectations, reporting an EPS of $0.95 against a consensus estimate of $0.90 in its latest earnings report [2] - For the current fiscal year, Kroger is projected to earn $4.36 per share on revenues of $150.23 billion, with a slight decline in earnings expected for the next fiscal year at $4.47 per share on $148.47 billion in revenues, reflecting year-over-year changes of -4.48% and -1.18% respectively [2] Valuation Metrics - Kroger's stock trades at 11.6X current fiscal year EPS estimates, slightly below the peer industry average of 11.8X, and at 5.3X trailing cash flow compared to the peer group's average of 5.7X [4] - The stock has a PEG ratio of 2.41, indicating it is not among the top value stocks covered [4] Zacks Rank - Kroger holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, which suggests potential for further stock price appreciation [5] - The company meets the criteria for investment selection with a Value Score of A, and Growth and Momentum Scores of B, resulting in a combined VGM Score of A [3][5]

Kroger (KR) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.58%. A quarter ago, it was expected that this supermarket chain would post earnings of $0.90 per share when it actually produced earnings of $0.95, delivering a surprise of 5.56%.Over the last four quarters, the company ha ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Kroger Co (NYSE: KR) is trading up in premarket on Thursday after reporting upbeat financial results for its fourth quarter.Kroger stock gains on solid guidanceCopy link to sectionInvestors are cheering also because the retail company issued encouraging guidance for the future. $KR is now calling for its adjusted EPS to fall between $4.30 and $4.50. Analysts, in comparison, were at per share. Rodney McMullen – the chief executive of ...

Investors with an interest in Retail - Supermarkets stocks have likely encountered both Kroger (KR) and Walmart (WMT) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores high ...

Exhibit 99.1 Kroger Reports Fourth Quarter and Full-Year 2023 Results Announces Guidance for 2024 Fourth Quarter Highlights · Identical Sales without fuel decreased 0.8%; underlying Identical Sales without fuel increased 0.1% · Operating Profit of $1,194 million; EPS of $1.01 · Adjusted FIFO Operating Profit of $1,307 million and Adjusted EPS of $1.34, which include a benefit of $187 million and $0.20 from the 53 week, respectively · Executed its go-to-market strategy to deliver value for customers o Grew d ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that t ...

ATHENS, OHIO, UNITED STATES - 2021/02/02: Kroger logo is seen at one of their stores in Athens. ... [+] Businesses that line East State Street in Athens, Ohio, an Appalachian community in southeastern Ohio. (Photo by Stephen Zenner/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Kroger KR is scheduled to report earnings before Thursday’s open. The stock hit a record high of $62.78/share in 2022 and, as of this writing, it is currently trading near $49. The stock is prone to ...