Earnings season may be tapering down but there are still some important earnings reports expected Thursday, starting with Kroger(KR) - Get Report and Burlington Stores (BURL) - Get Report  in the morning and H&R Block(HRB) - Get Report and Ambarella(AMBA) - Get Report in the afternoon.

When Kroger reports earnings, Wall Street is looking for profits of 54 cents a share on revenue of over $26 billion. Both the top and bottom lines are expected to be higher than a year ago. Analysts believe the company will be able to sustain its growth as it holds a dominant position in the market among other grocery retailers.

Benjamin Stoto, director of research for CNBC's "Mad Money," said, "We're going to be watching the same-store sales growth, closely. They've had a great streak of five consecutive quarters above 5%, but they've guided to 4% to 4.5% and some of their competitors have been talking about food deflation affecting their own same stores sales growth. So we'll see if Kroger can keep it around that 5% mark.

"We're also going to be looking for some M&A updates to see how the Roundy's acquisition is going and see if they want to comment on The Fresh Market (TFM) acquisition that they've been rumored to be circling."

On the economic calendar are jobless claims and productivity and costs in the morning, followed by factory orders and the ISM non-manufacturing index in the afternoon.