Kroger (KR) Meets Q3 Earnings Estimates

Financial Performance - Kroger reported quarterly earnings of $0.98 per share, matching the Zacks Consensus Estimate, and an increase from $0.95 per share a year ago [1] - The company posted revenues of $33.63 billion for the quarter ended October 2024, missing the Zacks Consensus Estimate by 1.81%, and a decrease from $33.96 billion year-over-year [2] - Over the last four quarters, Kroger has surpassed consensus EPS estimates three times and topped revenue estimates only once [2] Stock Performance - Kroger shares have increased approximately 31.1% since the beginning of the year, outperforming the S&P 500's gain of 27.6% [4] - The current Zacks Rank for Kroger is 2 (Buy), indicating expectations for the stock to outperform the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.12 on revenues of $35.23 billion, and for the current fiscal year, it is $4.46 on revenues of $148.7 billion [8] - The estimate revisions trend for Kroger is currently favorable, which may influence future stock movements [6][7] Industry Context - The Retail - Supermarkets industry, to which Kroger belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges ahead [9]