Kroger (NYSE: KR ) is expected to report Q3 earnings on Nov. 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Kroger's revenues will expand 4.6% and EPS will grow 27.3%.
The average estimate for revenue is $21.54 billion. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Kroger booked revenue of $21.73 billion. GAAP reported sales were 3.9% higher than the prior-year quarter's $20.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.51. GAAP EPS of $0.51 for Q2 were 11% higher than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 20.5%, 30 basis points worse than the prior-year quarter. Operating margin was 2.5%, 20 basis points better than the prior-year quarter. Net margin was 1.3%, about the same as the prior-year quarter.
The full year's average estimate for revenue is $96.32 billion. The average EPS estimate is $2.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 623 members out of 693 rating the stock outperform, and 70 members rating it underperform. Among 191 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 176 give Kroger a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kroger is outperform, with an average price target of $26.10.
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