The Kroger Co. (KR) Queues for Q1 Earnings: Is a Beat Likely?

The Kroger Co. (KR) is likely to register a bottom-line decline when it reports first-quarter fiscal 2024 earnings on Jun 20. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $1.33 per share. This indicates a decline of 11.9% from the year-ago quarter’s reported figure. However, KR has a trailing four-quarter earnings surprise of 8.5%, on average.The Zacks Consensus Estimate for revenues is pegged at $45.05 billion compared with the prior-year quarter’s reported figure ...