Kroger and Magma Design Automation Shares Illuminate Before Earnings

The Kroger Co. (NYSE:KR) will unveil its latest earnings on Thursday, December 1, 2011. The average estimate of analysts is for net income of 31 cents per share, a decline of 3.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 34 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. Analysts are projecting profit to rise by 10.8% versus last year to $1.95.

Last quarter, the company missed estimates by 2 cents, coming in at profit of 41 cents per share versus a mean estimate of net income of 43 cents per share. In the first quarter, the company beat estimates by 6 cents. On average, analysts predict $20.38 billion in revenue this quarter, a rise of 9% from the year ago quarter. Analysts are forecasting total revenue of $90.08 billion for the year, a rise of 9.6% from last year’s revenue of $82.19 billion.

Competitors to Watch: Safeway Inc. (NYSE:SWY), Whole Foods Market, Inc. (NASDAQ:WFM), SUPERVALU INC. (NYSE:SVU), The Fresh Market Inc (NASDAQ:TFM), Winn-Dixie Stores, Inc. (NASDAQ:WINN), Ingles Markets, Inc. (NASDAQ:IMKTA), Weis Markets, Inc. (NYSE:WMK), Delhaize Group (NYSE:DEG), Ruddick Corporation (NYSE:RDK), Wal-Mart (NYSE:WMT), Target (NYSE:TGT) and Arden Group, Inc. (NASDAQ:ARDNA).

Magma Design Automation, Inc. (NASDAQ:LAVA) will unveil its latest earnings on Thursday, December 1, 2011. The average estimate of analysts is for profit of 8 cents per share, a rise of 700% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 300% versus last year to 36 cents.

For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of 4 cents per share versus a mean estimate of profit of 7 cents per share. On average, analysts predict $37.8 million in revenue this quarter, a rise of 11.5% from the year ago quarter. Analysts are forecasting total revenue of $158.9 million for the year, a rise of 14.1% from last year’s revenue of $139.3 million.

Competitors to Watch: Synopsys, Inc. (NASDAQ:SNPS), Mentor Graphics Corp. (NASDAQ:MENT), Cadence Design Systems, Inc. (NASDAQ:CDNS), PDF Solutions, Inc. (NASDAQ:PDFS), ANSYS, Inc. (NASDAQ:ANSS), Tessera Technologies, Inc. (NASDAQ:TSRA), Parametric Technology (NASDAQ:PMTC), Autodesk, Inc. (NASDAQ:ADSK), Cimatron Ltd. (NASDAQ:CIMT), and National Instruments Corp (NASDAQ:NATI).

More from The Cheat Sheet