The Kroger Co.
) is slated to report its second-quarter fiscal 2013 results on
Sep 12, 2013. In the last quarter, it posted a positive surprise
of 4.6%. 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 second quarter currently
stands at 60 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 $2.80
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 7 quarters by an average of 8.3%.
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. 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 announcement.
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:
Lumber Liquidators Holdings, Inc.
), Earnings ESP of +9.09% and a Zacks Rank #1 (Strong Buy).
The Home Depot, Inc.
), Earnings ESP of +1.12% and a Zacks Rank #2 (Buy).
The Buckle, Inc.
), Earnings ESP of +1.10% and a Zacks Rank #3 (Hold).
BUCKLE INC (BKE): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
LUMBER LIQUIDAT (LL): Free Stock Analysis
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