Earnings Outlook For Kroger
Portfolio Pulse from Benzinga Insights
Kroger (NYSE:KR) is expected to release its quarterly earnings report on Thursday, 2023-11-30, with analysts predicting an EPS of $0.90. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Kroger's stock price has shown varied reactions to past earnings reports, with a slight drop after the last quarter despite beating EPS estimates. Over the past year, Kroger's shares have declined by 9.09%, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.
November 29, 2023 | 2:00 pm
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Kroger is anticipated to report quarterly earnings with an EPS of $0.90. Investors are focused on earnings performance and future guidance. The stock has seen a 9.09% decline over the past year, reflecting bearish sentiment.
The short-term impact on KR's stock price will likely hinge on whether the earnings beat expectations and the nature of the forward-looking guidance. Historical data shows mixed stock price reactions to past earnings reports, suggesting uncertainty. The bearish long-term trend may temper any positive reaction unless the earnings significantly exceed expectations and the guidance is robust.
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