NEW YORK (TheStreet) -- The Kroger Co. (KR) is expected to release its 2014 third quarter earnings results before the market open on Thursday, and analysts are expecting the prepared foods company to post an increase in earnings per share and revenue for the quarter.
For the most recent quarter analysts have estimated The Kroger Co. will post earnings of 61 cents per share, on revenue of $24.83 billion.
For the 2013 third quarter Kroger reported an increase in its adjusted earnings of 53 cents per share, while net sales were $22.5 billion.
Must Read: Warren Buffett's 25 Favorite Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Shares of The Kroger Co. are lower by 0.91% to $58.95 in late morning trading on Wednesday.
Separately, TheStreet Ratings team rates KROGER CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate KROGER CO (KR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."