Kroger Company (The) ($KR) Stock Forecast: Up 5.5% Today

What is Kroger Company (The)?

Kroger (KR) is a well-known retail company operating a chain of supermarkets and multi-department stores. The stock had a strong bullish movement today.

Why is Kroger Company (The) going up?

KR stock is up 5.5% on Dec 10, 2024 20:53

• Kroger reported Q3 results with adjusted earnings per share meeting expectations, but sales slightly missing estimates.
• Analysts have increased their forecasts for Kroger following the earnings report.
• The decision to pause buybacks for an Albertsons merger and narrowing FY24 outlook might have initially caused some uncertainty but did not deter investors' confidence in the stock.
• The positive sentiment around Kroger beating estimates in its next earnings report is likely contributing to the bullish movement in the stock today.

KR Price Chart

KR Technical Analysis

KR News

Kroger Analysts Increase Their Forecasts After Q3 Results - Kroger ( NYSE:KR )

Kroger Company KR reported weaker-than-expected sales for the third quarter on Thursday. The company reported third-quarter adjusted earnings per share of 98 cents, in-line with the street view. Quarterly sales of $33.634 billion ( down 0.9% year-on-year ) missed the analyst consensus estimate of ...

https://www.benzinga.com/24/12/42369725/kroger-analysts-increase-their-forecasts-after-q3-results

Kroger ( KR ) Meets Q3 Earnings Estimates

Kroger (KR) delivered earnings and revenue surprises of 0% and 1.81%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2379451/kroger-kr-meets-q3-earnings-estimates

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook - Kroger ( NYSE:KR )

Kroger Company KR shares are trading lower in the premarket session on Thursday. The company reported third-quarter adjusted earnings per share of 98 cents, in-line with the street view. Quarterly sales of $33.634 billion ( down 0.9% year-on-year ) missed the analyst consensus estimate of $34.204 ...

https://www.benzinga.com/24/12/42339652/kroger-pauses-buybacks-for-albertsons-merger-q3-sales-miss-estimates-fy24-outlook-narrowed

Kroger, Five Below And 3 Stocks To Watch Heading Into Thursday - Five Below ( NASDAQ:FIVE ) , Dollar Gen ( NYSE:DG )

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Dollar General Corporation DG to report quarterly earnings at 94 cents per share on revenue of $10.15 billion before the opening bell, ...

https://www.benzinga.com/news/earnings/24/12/42332759/kroger-five-below-and-3-stocks-to-watch-heading-into-thursday

Will Kroger ( KR ) Beat Estimates Again in Its Next Earnings Report?

Kroger (KR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2379120/will-kroger-kr-beat-estimates-again-in-its-next-earnings-report

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Kroger Company (The) Price History

05.11.2024 - KR Stock was up 1.3%

• Kroger (KR) met Q3 earnings estimates, which could have boosted investor confidence in the company's performance.
• The decision to pause buybacks for an Albertsons merger and narrowing FY24 outlook might have initially caused some uncertainty, but the market reacted positively overall.
• With a positive earnings surprise history and potential for beating estimates in the next report, investors may be optimistic about Kroger's future performance.
• The comparison of Kroger (KR) with other stocks for value investing could have also attracted traders looking for growth opportunities in the market.

12.08.2024 - KR Stock was up 6.0%

• Kroger (KR) exceeded expectations with adjusted earnings per share of 93 cents, indicating robust financial performance.
• Quarterly sales excluding fuel grew by 1.3%, offsetting a slight miss on overall sales projections.
• The stock's upward trend was likely driven by the earnings outperformance, demonstrating investor confidence in Kroger's ability to thrive despite market challenges.
• Although some investors took a bearish stance on Kroger options initially, the positive earnings results ultimately overshadowed concerns, leading to an increase in the stock price.

12.08.2024 - KR Stock was up 5.2%

• Kroger (KR) reported mixed Q2 results with adjusted earnings per share beating estimates but sales coming in slightly below expectations.
• Despite the mixed results, investors seem optimistic about Kroger's revised identical sales outlook, leading to a bullish movement in the stock.
• The bearish stance taken by some market whales on Kroger options might have initially caused uncertainty, but the positive earnings beat likely reassured investors and contributed to the bullish momentum.
• Overall, the market movement today reflects a balance between cautious optimism based on earnings performance and lingering concerns highlighted by the bearish options positions.

10.11.2024 - KR Stock was up 5.5%

• Kroger reported Q3 results with adjusted earnings per share meeting expectations, but sales slightly missing estimates.
• Analysts have increased their forecasts for Kroger following the earnings report.
• The decision to pause buybacks for an Albertsons merger and narrowing FY24 outlook might have initially caused some uncertainty but did not deter investors' confidence in the stock.
• The positive sentiment around Kroger beating estimates in its next earnings report is likely contributing to the bullish movement in the stock today.

07.02.2024 - KR Stock was up 9.0%

• Investor confidence received a boost as Kroger's positive earnings report and robust three-year revenue projection unfolded, leading to an increase in the stock price.
• Despite a minor sales shortfall, the company's ability to surpass earnings expectations highlights its resilience and operational effectiveness.
• Kroger benefited from the bullish sentiment surrounding the retail sector, as observed in the upward movement of stocks like American Eagle Outfitters, reinforcing the positive market outlook.
• In conclusion, Kroger's strong financial showing and favorable market climate were key drivers behind its notable stock performance on the day.

03.03.2024 - KR Stock was down 0.1%

• Kroger's stock experienced a bearish trend due to concerns over delivery spoke closures impacting its partnership with Ocado.
• Investor sentiment may have been influenced by the upcoming Easter season, with attention shifting towards confectionery and food manufacturing stocks.
• Speculation surrounding Amazon's (AMZN) new money-making venture may have contributed to pressure on KR stock as investors reassess the competitive retail landscape.

07.02.2024 - KR Stock was up 9.2%

• Kroger's shares rose after reporting fourth-quarter FY23 sales growth of 6.4% year-on-year, slightly missing analyst estimates but showing promising performance.
• The company's Q4 earnings beat estimates, with higher net sales and profit, contributing to the positive market movement.
• Despite a decrease in Identical Sales without fuel, Kroger's margin improvement and strong profit guidance fueled a 5% rally in the stock.
• The overall positive sentiment towards Kroger's financial performance and outlook likely drove the bullish movement in the market today.

07.02.2024 - KR Stock was up 7.1%

• Kroger's Q4 earnings exceeded estimates with revenues up 6%, reflecting strong financial performance.
• The positive earnings likely contributed to the bullish movement in KR stock.
• The improving overall market sentiment and gains in U.S. stocks could have further boosted investor confidence in Kroger's stock.
• A comparison between KR and WMT might have highlighted Kroger's value proposition, potentially attracting more investors to the stock.

12.05.2024 - KR Stock was down 1.3%

• The bearish movement in KR stock could be attributed to investors' concerns about the company's recent expansion into the weight-loss drug market, which might have raised questions about the company's core focus and potential risks associated with diversification.
• The upcoming earnings release on June 20 could have also led to profit-taking by investors who are uncertain about the company's financial performance and outlook.
• Warren Buffett's investment strategy of buying quality stocks at a discount might not have resonated with investors in the case of Kroger, leading to a lack of confidence in the stock and contributing to the bearish movement.

07.02.2024 - KR Stock was up 9.3%

• Kroger's stock experienced a strong bullish movement following the release of its Q4 earnings report, which surpassed analyst expectations.
• The company's optimistic guidance for fiscal year 2024 further fueled investor confidence in Kroger's future performance.
• Positive remarks on Kroger's earnings performance added to the bullish sentiment, highlighting the strength of the company's recent financial results.
• The upbeat earnings report and strong guidance likely contributed to the significant increase in Kroger's stock price, reflecting investor optimism in the company's growth prospects.

30.10.2023 - KR Stock was down 1.8%

• The bearish movement in Kroger's stock today could be attributed to the following factors:
• 1. Earnings Expectations: The market may have reacted negatively to the upcoming quarterly earnings report, with expectations of lower-than-anticipated earnings per share and revenue. This could have led to a sell-off of the stock.
• 2. Closure of Kitchen United Locations: The news of Kroger shutting down all Kitchen United food halls at its stores might have raised concerns about the company's overall strategy and profitability. Investors may have interpreted this as a sign of potential challenges in the company's operations.
• 3. Market Sentiment: The overall market sentiment and investor focus on safe stocks, as mentioned in an article from Investor Place, could have contributed to the bearish movement in Kroger's stock. Investors seeking conservative, low-risk stocks may have shifted their attention away from Kroger, leading to a decline in its stock price.
• 4. Merger Timeline and Inflation Expectations: As mentioned in an article from Seeking Alpha, investors might have been awaiting updates on Kroger's merger timeline and inflation expectations. Any delays or concerns regarding these factors could have negatively impacted the stock's performance.
• In conclusion, the bearish movement in Kroger's stock today could be attributed to factors such as earnings expectations, closure of Kitchen United locations, market sentiment, and investor focus on other safe stocks.

20.05.2024 - KR Stock was down 3.9%

• The recent introduction of Beyond Meat's new Beyond Sausage at Kroger and Whole Foods Market may have negatively impacted Kroger's stock by potentially diverting customers' attention and sales.
• Despite Kroger reporting higher sales and growing digital sales, factors such as a decrease in profit compared to last year and a recent downgrade in rating could have contributed to the bearish movement.
• Investors possibly reacted to the lower-than-expected quarterly earnings and revised forecasts, leading to a sell-off of Kroger's stock.
• The market sentiment towards Kroger Co. today appears to be influenced by a variety of factors including financial performance, product launches, and analyst ratings.