Core Insights - Kroger is expected to report quarterly earnings of $1.10 per share, a decline of 17.9% year-over-year, with revenues forecasted at $34.59 billion, reflecting a 6.7% decrease compared to the previous year [1] Earnings Estimates - There has been a downward revision of 0.3% in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their initial forecasts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Sales Projections - Total sales to retail customers without fuel are projected to reach $30.90 billion, indicating a year-over-year decline of 7.3% [5] - Supermarket fuel sales are expected to be $3.32 billion, reflecting a decrease of 4.1% from the same quarter last year [5] - Other sales are estimated to reach $292.52 million, suggesting a year-over-year increase of 2.6% [5] Store Metrics - The average prediction for the number of supermarkets/retail food stores is 2,734, compared to 2,722 in the previous year [6] Stock Performance - Over the past month, Kroger shares have increased by 5.2%, while the Zacks S&P 500 composite has decreased by 1.3% [7] - Kroger holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the overall market [7]
Wall Street's Insights Into Key Metrics Ahead of Kroger (KR) Q4 Earnings