From the valuation calculations section in my early-December article about $KR:
"I started with the $3.34 midpoint of the company's $3.32 to $3.36 guidance for 2014FY, which I believe is reasonable, considering that the guidance was just updated last week and with only one quarter remaining in the fiscal year ... It's also worth noting that, for both previous two fiscal years (2012 and 2013), when Kroger updated its guidance with only one quarter remaining in the fiscal year, the company still outpaced that guidance by wide margins ... I don't want to encourage unrealistic expectations, so I'll leave it to each reader to consider the impact on all of the calculations, if 2014FY earnings exceed the guidance."
From the 2014FY earnings report today:
"Adjusted net earnings for fiscal 2014 totaled $1.77 billion, or $3.52 per diluted share.
My current price target is $74, as updated in my February "Coverage Universe" article. I cover more than 20 other stocks, so I'm not sure how soon I'll get to red-do my KR valuation model and know what I might raise my target to. At the very least. I'll update my buy ranges and price target in my next "Coverage Universe" article.
Submitted March 05, 2015 at 09:32PM by dag_1996 http://ift.tt/1B9DKat
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