Kroger(US:KR) ZACKSยท2024-12-02 19:30Core Insights - Kroger is expected to report quarterly earnings of $0.98 per share, a 3.2% increase year-over-year, with revenues forecasted at $34.29 billion, reflecting a 1% year-over-year increase [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts' reassessment of their initial estimates [1][2] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [2] - Analysts' forecasts for key metrics can provide valuable insights beyond consensus earnings and revenue estimates [3] Sales Metrics - The consensus estimate for total sales to retail customers without fuel is $30.08 billion, indicating a 1.7% increase from the prior-year quarter [4] - Supermarket fuel sales are expected to be $3.76 billion, reflecting an 8.4% year-over-year decline [4] - Other sales are projected to reach $284.24 million, representing a 4.5% increase from the prior-year quarter [4] Stock Performance - Kroger shares have increased by 8% in the past month, outperforming the Zacks S&P 500 composite, which rose by 3.5% [5] - With a Zacks Rank of 3 (Hold), Kroger is expected to closely follow overall market performance in the near term [5]