Kraft Heinz (KHC) closed the most recent trading day at $24.05, moving +2.65% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen an increase of 0.26% over the last month, not keeping up with the Consumer Staples sector's gain of 0.43% and outstripping the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Kraft Heinz in its upcoming release. It is anticipated that the company will report an EPS of $0.53, marking a 23.19% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.12 billion, showing a 3.59% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $24.43 billion. These totals would mark changes of -20.38% and -2.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kraft Heinz. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% upward. Kraft Heinz presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Kraft Heinz is currently exchanging hands at a Forward P/E ratio of 11.34. This expresses a discount compared to the average Forward P/E of 12.47 of its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Kraft Heinz Company (KHC): Free Stock Analysis Report
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