Kroger (KR) PT Raised to $54 at Jefferies, 'Traffic Momentum Drives IDs, but Sustainability the Question'
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Kroger (KR) PT Raised to $52 at Roth/MKM
September 13, 2024 1:00 PM EDTRoth/MKM analyst Bill Kirk raised the price target on Kroger (NYSE: KR) to $52.00 (from $50.00) while maintaining a Neutral rating.
The analyst comments "Kroger delivered a 2Q beat, but y/y earnings continue to contract. With a revised outlook of higher... More
CFRA Upgrades Kroger (KR) to Buy
September 12, 2024 4:38 PM EDTCFRA upgraded Kroger (NYSE: KR) from Hold to Buy.
For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.
Shares of Kroger closed at $51.50 yesterday.
... MoreTelsey Reiterates Outperform Rating on Kroger (KR)
September 12, 2024 4:35 PM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "TAG Thesis: We continue to expect Kroger to benefit from its Leading with Fresh and Accelerating with Digital strategy. Krogers growth and market... More
Evercore ISI Reiterates Outperform Rating on Kroger (KR)
September 12, 2024 10:01 AM EDTEvercore ISI analyst Michael Montani reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "Kroger 2Q results featured positive ID sales (+1.2%) and growing traffic/households with FIFO gross margin (+42bps YoY) driving a 2 cent EPS beat ($0.93 v $0.91). Solid results overall, in light of concerns around a slowing core consumer and rising competitive intensity, in our view. Street EPS likely hovers around its prior $4.44, with the $4.30-$4.50 full year guide reiterated. We believe KRs multiple should improve with ID sales trending higher, the share loss gap narrowing, and... More
Kroger beats earnings expectations, raises sales outlook
September 12, 2024 8:20 AM EDTKroger (NYSE: KR) reported better-than-expected second-quarter earnings on Thursday, prompting the grocery chain to raise the low end of its full-year sales forecast. The company's stock rose 1.2% following the announcement.
Kroger posted adjusted earnings per share of $0.93 for the quarter ended August 12, surpassing analysts' estimates of $0.91. Revenue came in at $33.91 billion, slightly below the... More
Kroger (KR) Tops Q2 EPS by 2c, Offers Guidance
September 12, 2024 8:02 AM EDTKroger (NYSE: KR) reported Q2 EPS of $0.93, $0.02 better than the analyst estimate of $0.91. Revenue for the quarter came in at $33.91 billion versus the consensus estimate of $34.08 billion.
GUIDANCE:
Kroger sees FY2025 EPS of $4.30-$4.50, versus the consensus of $4.43.
For earnings history and earnings-related data on Kroger (KR) click here.
... MoreKroger (KR) September 13 weekly 52 straddle into quarter results
September 12, 2024 4:45 AM EDTKroger (NYSE: KR) September 13 weekly 52 straddle priced for a move of 6% into the expected release of quarter results today before the bell.
... MoreKroger (KR) call put ratio 2.2 calls to 1 put with a focus on October 55 calls
September 11, 2024 10:49 AM EDTKroger (NYSE: KR) September 13 weekly call option implied volatility is at 98, September is at 52; compared to its 52-week range of 16 to 34 into the expected release of quarter results before the bell on September 12. Call put ratio 2.2 calls to 1 put with a focus on October 55 calls.
... More
