Company Overview - The Kroger Co. is undergoing a significant transformation in the grocery industry, focusing on plant-based products and technological advancements [11] - The company has acquired Home Chef and partnered with Ocado to enhance its online ordering and delivery capabilities [11] - Kroger has introduced Kroger Ship for grocery delivery and has collaborated with Nuro for driverless car delivery services [11] Investment Ratings - Kroger is rated 2 (Buy) on the Zacks Rank, indicating a positive outlook [12] - The company has a VGM Score of A, suggesting strong overall performance across value, growth, and momentum metrics [12] Performance Metrics - Kroger's shares have increased by 3.3% over the past four weeks, indicating positive momentum [12] - Five analysts have revised their earnings estimates upward for fiscal 2026, with the Zacks Consensus Estimate rising by 4.74 per share [12] - The company has an average earnings surprise of 2.6%, reflecting its ability to exceed earnings expectations [12] Conclusion - With a solid Zacks Rank and high Momentum and VGM Style Scores, Kroger is positioned as a strong candidate for investment consideration [13]
Why Kroger (KR) is a Top Momentum Stock for the Long-Term