Kroger Shares Rise as Investors Look Ahead to Earnings
The grocer gained 1.49% to $62.56, while Zacks consensus estimates call for higher quarterly earnings and revenue.
Key takeaways
- Kroger shares were at $62.56, up 1.49%, as of 20:00 UTC on Oct. 12.
- Zacks consensus estimates call for quarterly earnings of $1.16 per share and revenue of $34.57 billion.
As of 20:00 UTC on Oct. 12, Kroger shares traded at $62.56, up 1.49% from the previous close. The S&P 500 fell 0.06%, while the Dow gained 0.38% and the Nasdaq slipped 0.44%.
Investor focus turns to Kroger’s upcoming earnings report. Zacks consensus estimates call for earnings of $1.16 per share and revenue of $34.57 billion, increases of 10.48% and 2.1%, respectively, from the same quarter a year earlier.
For the full year, Zacks consensus estimates project earnings of $5.19 per share and revenue of $150.77 billion. Those would represent year-over-year increases of 7.01% and 2.12%, respectively.
This article was produced with the help of AI technology. Source: Yahoo Finance
