The Kroger Co. (NYSE:KR) is reporting second quarter financial results on Friday 11th September 2020, before market open.
According to analysts surveyed by Thomson Reuters, KR is expected to report 2Q20 income of $ 0.55 per share from revenue of $ 29945.80 million.
For the full year, analysts anticipate top line of $ 129906.00 million, while looking forward to income of $ 2.90 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.30 ~ $ 2.40 per share
Click Here For More Historical Outlooks Of The Kroger Co.
Previous Quarter Performance
The Kroger Co. announced income for the first quarter of $ 1.22 per share, from the revenue of $ 41,549.00 million. The quarterly earnings increased 69.44 percent while revenues elevated 11.54 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.09 per share from $ 40715.00 million in revenue. The bottom line results beat street analysts by $ 0.13 or 11.93 percent, at the same time, top line results outshined analysts by $ 834.00 million or 2.05 percent.
Stock Performance
Shares of The Kroger Co. traded low $ -0.44 or -1.25 percent on Thursday, reaching $ 34.74 with volume of 11.38 million shares. The Kroger Co. has traded high as $ 35.38 and has cracked $ 34.69 on the downward trend
According to the previous trading day, closing price of $ 34.74, representing a 48.38 % increase from the 52 week low of $ 23.71 and a 5.48 % decrease over the 52 week high of $ 37.22.
The company has a market capital of $ 27.03 billion and is part of the Consumer Defensive sector and Grocery Stores industry.
Recent Analyst recommendations
- On 30th July 2020, initiated by MKM Partners at Neutral rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.18 per share on June 25, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
The Kroger Co. will be hosting a conference call at 10:00 AM eastern time on 11th September 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thekrogerco.com
The Kroger Co. operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores.
