The Kroger Co. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Kroger Co. (NYSE:KR) will unveil its latest earnings on Friday, September 9, 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 estimate of analysts is for net income of 43 cents per share, a rise of 4.9% 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 and it has not changed during the last month. For the year, analysts are projecting profit of $1.96 per share, a rise of 11.4% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 6 cents, reporting net income of 70 cents per share against a mean estimate of profit of 64 cents. In the fourth quarter of the last fiscal year, the company exceeded forecasts by 2 cents with net income of 46 cents versus a mean estimate of profit of 44 cents.

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Wall St. Revenue Expectations: On average, analysts predict $20.53 billion in revenue this quarter, a rise of 9.2% from the year ago quarter. Analysts are forecasting total revenue of $89.72 billion for the year, a rise of 9.2% from last year’s revenue of $82.19 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, three rating it as a sell and two rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 10.9% to $27.46 billion in first quarter. The figure rose 7.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 5.8% in the third quarter of the last fiscal year from the year-ago quarter and 6% in the second quarter of the last fiscal year.

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).

Stock Price Performance: During July 8, 2011 to September 2, 2011, the stock price had fallen $2.12 (-8.4%) from $25.20 to $23.08. The stock price saw one of its best stretches over the last year between March 2, 2011 and March 10, 2011 when shares rose for seven-straight days, rising 6.3% (+$1.40) over that span. It saw one of its worst periods between May 31, 2011 and June 6, 2011 when shares fell for five-straight days, falling 6.7% (-$1.65) over that span. Shares are up $1.03 (+4.7%) year to date.

(Source: Xignite Financials)

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