In its upcoming report, Kraft Heinz (KHC) is predicted by Wall Street analysts to post quarterly earnings of $0.43 per share, reflecting a decline of 29.5% compared to the same period last year. Revenues are forecasted to be $6.06 billion, representing a year-over-year decrease of 2.9%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Kraft Heinz metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Net Sales- Emerging Markets' stands at $726.87 million. The estimate points to a change of +3.7% from the year-ago quarter.
Analysts forecast 'Net Sales- International Developed Markets' to reach $863.20 million. The estimate indicates a change of -3.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales- North America' of $4.48 billion. The estimate suggests a change of -3.5% year over year.
According to the collective judgment of analysts, 'Segment Adjusted Operating Income- Emerging Markets' should come in at $78.32 million. Compared to the current estimate, the company reported $79.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment Adjusted Operating Income- International Developed Markets' will likely reach $120.44 million. The estimate compares to the year-ago value of $130.00 million.
It is projected by analysts that the 'Segment Adjusted Operating Income- North America' will reach $832.20 million. Compared to the current estimate, the company reported $1.02 billion in the same quarter of the previous year.
View all Key Company Metrics for Kraft Heinz here>>>Over the past month, Kraft Heinz shares have recorded returns of +9.7% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #4 (Sell), KHC will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Kraft Heinz Company (KHC): Free Stock Analysis Report
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