The Kroger Co.
) is slated to report its first-quarter fiscal 2013 results on
Jun 20, 2013. In the last quarter, it posted a positive surprise
of 25.7%. Let's see how things are shaping up for this
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 helped the company post
better-than-expected results in the last quarter.
The Zacks Consensus Estimate for the first quarter currently
stands at 88 cents a share, which rose by a penny in the last 60
days. However, no movement was noticed in the last 7 or 30 days.
For fiscal 2013, the Zacks Consensus Estimate is pegged at $2.77
per share, and has not shown any movement over either 7, 30 or 60
Looking at the earnings surprise history of Kroger, this Zacks
Rank #2 (Buy) stock has outperformed the Zacks Consensus Estimate
in the last 6 quarters by an average of 8.9%.
Our proven model shows that for a stock to beat earnings
estimate this quarter, it needs to have a combination of two key
components - a positive Earnings ESP (Read:
Zacks Earnings ESP: A Better Method
) and a Zacks Rank #1, #2 or #3 for this to happen. Stocks with
Zacks Rank #1, #2 and #3 have a significantly higher chance of
beating earnings estimates. The sell-rated stocks (Zacks Rank #4
and #5) should never be considered going into an earnings
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
PetMed Express, Inc.
), Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy).
Flowers Foods, Inc.
), Earnings ESP of +2.86% and a Zacks Rank #1 (Strong Buy).
), Earnings ESP of +2.82% and a Zacks Rank #3 (Hold).
CBS CORP (CBS): Free Stock Analysis Report
FLOWERS FOODS (FLO): Free Stock Analysis
KROGER CO (KR): Free Stock Analysis Report
PETMED EXPRESS (PETS): Free Stock Analysis
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