Countdown to Kroger (KR) Q2 Earnings: Wall Street Forecasts for Key Metrics

Wall Street analysts expect Kroger (KR) to post quarterly earnings of $1.00 per share in its upcoming report, which indicates a year-over-year increase of 7.5%. Revenues are expected to be $34.12 billion, up 0.6% from the year-ago quarter.The current level reflects an upward revision of 0.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.With that in mind, let's delve into the average projections of some Kroger metrics that are commonly tracked and projected by analysts on Wall Street.According to the collective judgment of analysts, 'Sales- Total sales to retail customers without fuel' should come in at $30.45 billion. The estimate indicates a year-over-year change of +1.5%.Analysts' assessment points toward 'Sales- Supermarket fuel sales' reaching $3.43 billion. The estimate indicates a change of -5.5% from the prior-year quarter.The combined assessment of analysts suggests that 'Sales- Other sales' will likely reach $280.49 million. The estimate indicates a year-over-year change of +3.5%. View all Key Company Metrics for Kroger here>>> Shares of Kroger have demonstrated returns of -8.7% over the past month compared to the Zacks S&P 500 composite's +3.1% change. With a Zacks Rank #3 (Hold), KR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Kroger Co. (KR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks