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Friday, June 8, 2012

Kroger earnings estimates report june 14 2012

Kroger earnings estimates report june 14 2012 : Kroger is one of the larger grocery retailers in the United States and is headquartered in Cincinnati. Kroger trades an average of 4.9 million shares per day with a market cap of $12.2 Billion.

Kroger is anticipated to report moderate first-quarter earnings growth on June 14. The consensus estimate is currently 72 cents a share, an improvement of 2 cents from 70 cents during the same period last year.

The trailing 12-month price-to-earnings ratio is 11.3, and the forward estimate is 9.43, based on estimated earnings of $2.32 a share this year.

Revenue year-over-year has increased to $82.19 billion in the last fiscal year compared to $76.73 billion in the previous year. The bottom line has rising earnings year-over-year of $1.12 billion last fiscal year compared to $70 million in the previous year.

The Kroger chart is technically in a bear market and unsurprising given the current industry competitive landscape. Wal-Mart continues to make progress encroaching into this space and an improvement in earnings should be considered a victory.

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