Investors appear enthusiastic and optimistic about
The Kroger Company
) earnings results to be announced on Thursday, with shares of
this Zacks Rank #2 (Buy) stock surging to attain a new 52-week
high of $35.56 yesterday, before closing at $35.52, up 1% from
the previous day's session. The stock has amassed a year-to-date
return of approximately 36%.
Based on the current price, this multi-department store
operator is 7.6% above the Zacks Consensus average analyst price
target of $33.00. The company currently trades at a forward P/E
of 12.82x, a 10.2% discount to the peer group average of 14.28x,
indicating an upside potential. Additionally, the company's
long-term estimated EPS growth rate is 9.2%.
Kroger is slated to report its first-quarter fiscal 2013
results on Jun 20, 2013. Looking at the earnings surprise
history, it has outperformed the Zacks Consensus Estimate in the
last 6 quarters by an average of 8.9%.
A dominant position among the nation's largest grocery
retailers enables Kroger to sustain growth in both its top and
bottom line, expand its store base, and boost its market share.
The company's strong corporate and national brands helped it gain
customer loyalty. These factors, along with the Customer 1st
strategy and effective cost management are facilitating the
company to post better-than-expected results.
The Zacks Consensus Estimate for the first quarter currently
stands at 88 cents a share, which rose by a penny in the last 90
days. However, no movement was noticed in the last 7, 30 or 60
General Electric Company
B&G Foods Inc.
The Boeing Company
) achieved a new 52-week high of $24.45, $33.78 and $104.15,
respectively on Jun 18, 2013.
BOEING CO (BA): Free Stock Analysis Report
B&G FOODS CL-A (BGS): Free Stock Analysis
GENL ELECTRIC (GE): Free Stock Analysis
KROGER CO (KR): Free Stock Analysis Report
To read this article on Zacks.com click here.