Kroger Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Kroger Co. KR is expected to report its second quarter 2023 financial results, before the opening bell on Sept. 8, 2023.

Analysts expect the company to post quarterly earnings at 91 cents per share, up from year-ago earnings of 90 cents per share. The company’s revenue might come in at $34.12 billion, compared to $34.64 billion in the year-ago period.

Kroger shares gained 1% to $46.00 in the after-hours trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating and cut the price target from $49 to $48 on June 16, 2023. This analyst has an accuracy rate of 63%.
• Northcoast Research analyst Chuck Cerankosky upgraded the stock from Neutral to Buy with a price target of $60 on March 20, 2023. This analyst has an accuracy rate of 71%.
• Deutsche Bank analyst Paul Trussell maintained a Hold rating and raised the price target from $51 to $53 on March 3, 2023. This analyst has an accuracy rate of 74%.
• JP Morgan analyst Ken Goldman upgraded the stock from Neutral to Overweight and boosted the price target from $50 to $54 on March 3, 2023. This analyst has an accuracy rate of 81%.
• Wells Fargo analyst Edward Kelly maintained an Underweight rating and slashed the price target from $47 to $42 on Jan. 4, 2023. This analyst has an accuracy rate of 75%.

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