Here's Why Kroger (KR) Fell More Than Broader Market

Company Performance - Kroger's stock closed at $65.90, down 2.24%, underperforming the S&P 500's daily loss of 1.56% [1] - Over the past month, Kroger's stock has decreased by 1.73%, compared to the Retail-Wholesale sector's loss of 2.47% and the S&P 500's loss of 0.26% [1] Upcoming Earnings - Kroger is expected to report earnings of $1.04 per share, reflecting a year-over-year growth of 6.12% [2] - The consensus estimate for revenue is $34.31 billion, indicating a 2.02% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $4.79 per share and revenue at $148.79 billion, representing changes of +7.16% and +1.13% respectively from the prior year [3] - Recent revisions to analyst forecasts for Kroger may indicate shifting business dynamics, with positive revisions suggesting optimism about the business outlook [3] Valuation Metrics - Kroger's Forward P/E ratio is 14.09, which is lower than the industry average Forward P/E of 15.07 [6] - The PEG ratio for Kroger is 1.96, compared to the Retail - Supermarkets industry average PEG ratio of 2.3 [6] Industry Context - The Retail - Supermarkets industry is part of the Retail-Wholesale sector and currently holds a Zacks Industry Rank of 70, placing it in the top 29% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]