Earnings Reports Show Mixed Trends Ahead of Market Open

In a recent report, companies like Kroger and Signet Jewelers are poised to release their earnings, revealing significant fluctuations in earnings per share (EPS). While some firms report decreases, others like Caleres anticipate increases, setting the tone for potential market reactions.

Date: 12-09-2024

AI Rating: 5

Kroger Company (KR): The anticipated earnings per share (EPS) of $0.91 shows a decrease of 5.21% year-over-year. Although this reflects a slight downturn, Kroger has a strong history of beating expectations, which could reassure investors. Their 2025 Price to Earnings (P/E) ratio of 11.75 is lower than the industry average of 14.00, potentially indicating undervaluation.
Rating on EPS: 4

Signet Jewelers Limited (SIG): Expected EPS of $1.13 demonstrates a larger decline of 27.10% from last year. However, a history of exceeding expectations may mitigate this negative outlook. Their P/E ratio of 7.28 suggests better earnings growth than the industry's average of 4.90.
Rating on EPS: 4

Caleres, Inc. (CAL): The forecasted EPS of $1.21 represents a significant 23.47% year-over-year increase, showcasing good momentum in growth. Their P/E ratio is 8.42, considerably lower than the industry average of 20.40, which could attract investor interest.
Rating on EPS: 8

The Lovesac Company (LOVE): Expected EPS of -$0.45 reflects a drastic decrease of 1025.00%, indicating serious challenges. A history of missing quarterly targets raises concerns for investors. Their high 2025 P/E ratio of 19.18 compared to the industry ratio of 4.30 presents a questionable growth forecast.
Rating on EPS: 3

MYT Netherlands Parent B.V. (MYTE): A forecast of $0.01 in EPS indicates a healthy year-over-year increase of 114.29%. However, its prior earnings miss may reduce confidence. The P/E ratio of -14.96 is atypical and warrants caution.
Rating on EPS: 5

Stocks: KR SIG CAL LOVE MYTE