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Kraft Heinz (KHC) Gains As Market Dips: What You Should Know
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In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $48.38, marking a +0.23% move from the previous day. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 10.06% over the past month, lagging the Consumer Staples sector's loss of 3.98% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from KHC as it approaches its next earnings release, which is expected to be February 15, 2019. On that day, KHC is projected to report earnings of $0.98 per share, which would represent year-over-year growth of 8.89%. Meanwhile, our latest consensus estimate is calling for revenue of $6.99 billion, up 1.63% from the prior-year quarter.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $3.64 per share and revenue of $26.35 billion. These results would represent year-over-year changes of +2.54% and +0.47%, respectively.
Investors might also notice recent changes to analyst estimates for KHC. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% lower. KHC currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, KHC is holding a Forward P/E ratio of 13.26. For comparison, its industry has an average Forward P/E of 16.33, which means KHC is trading at a discount to the group.
We can also see that KHC currently has a PEG ratio of 2.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.12 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Kraft Heinz (KHC) Gains As Market Dips: What You Should Know
In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $48.38, marking a +0.23% move from the previous day. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 10.06% over the past month, lagging the Consumer Staples sector's loss of 3.98% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from KHC as it approaches its next earnings release, which is expected to be February 15, 2019. On that day, KHC is projected to report earnings of $0.98 per share, which would represent year-over-year growth of 8.89%. Meanwhile, our latest consensus estimate is calling for revenue of $6.99 billion, up 1.63% from the prior-year quarter.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $3.64 per share and revenue of $26.35 billion. These results would represent year-over-year changes of +2.54% and +0.47%, respectively.
Investors might also notice recent changes to analyst estimates for KHC. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% lower. KHC currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, KHC is holding a Forward P/E ratio of 13.26. For comparison, its industry has an average Forward P/E of 16.33, which means KHC is trading at a discount to the group.
We can also see that KHC currently has a PEG ratio of 2.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.12 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.