Earnings Preview: The Kroger Company

The Kroger Company (KR) is expected to report Q2 earnings before market open Tuesday, September 16, with a conference call scheduled for 10:00 am ET.

Guidance

Analysts are looking for a profit of 41c on revenue of $17.63B. The consensus range is 38c to 42c for EPS, and revenue of $17.27B to $17.95B, according to First Call. Analyst opinion on Kroger is mixed going into this earnings period.

Analyst Views

UBS, which rates Kroger a Buy, recommended buying shares ahead of earnings, as it believes Kroger will have a solid Q2 report and that shares are undervalued. However, Monday morning Pali Research initiated Kroger with a Neutral, citing the macro environment and the potential for margin weakness.