Kroger (KR) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

In its upcoming report, Kroger (KR) is predicted by Wall Street analysts to post quarterly earnings of $0.98 per share, reflecting an increase of 3.2% compared to the same period last year. Revenues are forecasted to be $34.29 billion, representing a year-over-year increase of 1%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.In light of this perspective, let's dive into the average estimates of certain Kroger metrics that are commonly tracked and forecasted by Wall Street analysts.The consensus estimate for 'Sales- Total sales to retail customers without fuel' stands at $30.08 billion. The estimate indicates a change of +1.7% from the prior-year quarter.Analysts expect 'Sales- Supermarket fuel sales' to come in at $3.76 billion. The estimate indicates a year-over-year change of -8.4%.Based on the collective assessment of analysts, 'Sales- Other sales' should arrive at $284.24 million. The estimate indicates a change of +4.5% from the prior-year quarter.View all Key Company Metrics for Kroger here>>>Kroger shares have witnessed a change of +8% in the past month, in contrast to the Zacks S&P 500 composite's +3.5% move. With a Zacks Rank #3 (Hold), KR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Must-See: Solar Stocks Poised to SkyrocketThe solar industry stands to bounce back as tech companies and the economy transition away from fossil fuels to power the AI boom.Trillions of dollars will be invested in clean energy over the coming years – and analysts predict solar will account for 80% of the renewable energy expansion. This creates an outsized opportunity to profit in the near-term and for years to come. But you have to pick the right stocks to get into.Discover Zacks’ hottest solar stock recommendation 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks