Kroger Earnings Preview

Published on Wednesday, 01 December 2010 10:06 Written by Danny Miller

New York, December 1st (TradersHuddle.com) - Shares of Kroger Co. (NYSE:KR) are trading higher by +1.02% ahead of its quarterly earnings release. Kroger, the owner and operator of a supermarket and convenience stores chains is expected to release its quarterly results on December 2^nd.

Wall Street Analysts consensus calls for a profit of $0.32 a share on $18.53 billion revenue.

Kroger estimates have a range of $0.12 a share. The high estimate calls for profit of $0.41 a share and the low estimate is calling for a profit of $0.29 a share, a year ago for the quarter the company reported $0.27 a share.

The Kroger Co. operates supermarkets and convenience stores in the United States. The Company also manufactures and processes some of the foods that its supermarkets sell. Kroger is based in Cincinnati, Ohio.