The Kroger Co. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Kroger Co. (NYSE:KR) will unveil its latest earnings on Thursday, June 16, 2011. The Kroger Co. is a retail chain operating food and drug stores, multi-department stores, jewelry stores and convenience stores in the United States.

The Kroger Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 64 cents per share, a rise of 10.3% from the same quarter a year ago. Estimates range from profit of 60 cents per share to net income of 66 cents per share. The consensus estimate is the same as three months ago. Over the past month, the consensus estimate has moved down from 63 cents. For the year, analysts are projecting profit of $1.91 per share, a rise of 8.5% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 46 cents per share versus a mean estimate of 44 cents. Two quarters ago, it reported profit of 32 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $26.48 billion in revenue this quarter, a rise of 6.9% from the year ago quarter. Analysts are forecasting total revenue of $87.65 billion for the year, from last year’s revenue of $82.19 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy and three rating it as a sell. While the average rating for the stock remains a hold, the rating is on steadier footing than three months ago.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 5.8% to $19.93 billion in fourth quarter of the last fiscal year. The figure rose 6% in third quarter from the year earlier and climbed 8.6% in second quarter from the year-ago quarter.

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).

Recent Price Movement: From a month ago, the stock price has dropped $1.72 (-7%) from $25.04 on May 12, 2011 to $23.32 on June 13, 2011.

(Sources: YahooFinance and Xignite Financials)

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