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Kroger Earnings Preview For Sept, 2013

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Kroger Co (KR)

Background: Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.

The upcoming second-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on September 12, 2013 .

The Analyst's mean profit appraisal is presently 60 cents a share, a gain of 9 cents (15%) from 51 cents during the corresponding quarter last year. Analysts are estimating as low as 56 cents per share, up to the most optimistic estimate of 64 cents per share.

Shareholders receive 60 cents annually in dividend payments. The yield based on a recent price is 1.6%.

The majority of analysts believe Kroger continues to offer a buying opportunity. 11 of the 16 analysts covering the company give a buy recommendation. Some (3) are taking a more cautious approach, and rate it a hold. As of the last update I have, 2 analysts recommend selling some or all holdings.

6 out of 16 analysts now rate Kroger a strong buy down from 7 analysts a month ago. Investors are grinning from ear to ear, and analysts are too. The shares have rocketed higher 65% over the last 52 weeks. Analysts are placing a price target of $37.73.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.5% of the average trading float.
 

 

(KR)

(COST)

(TGT)

(WMT)

Strong Buy

6

8

6

7

Moderate Buy

5

6

5

6

Hold

3

11

12

14

Strong Sell Ratings

2

1

0

0

Avg Analyst Price Target

$37.73

$116.23

$70.70

$81.77

Revenue

$99.07 billion

$105.73 billion

$74.03 billion

$481.52 billion

Est Low EPS

0.56

1.38

0.59

1.10

Est High EPS

0.64

1.51

0.71

1.17

1 Year Stock Price Change

63.83%

13.98%

-0.83%

-0.72%

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Stock Tickers: KR COST TGT WMT Author Disclosure: n/a
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