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Kraft Heinz (KHC) Gains As Market Dips: What You Should Know
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Kraft Heinz (KHC - Free Report) closed at $32.50 in the latest trading session, marking a +0.65% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.07%.
Prior to today's trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 32.98% over the past month. This has lagged the Consumer Staples sector's gain of 2.2% and the S&P 500's gain of 0.52% in that time.
Investors will be hoping for strength from KHC as it approaches its next earnings release. On that day, KHC is projected to report earnings of $0.67 per share, which would represent a year-over-year decline of 24.72%. Meanwhile, our latest consensus estimate is calling for revenue of $6.13 billion, down 2.83% from the prior-year quarter.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.94 per share and revenue of $26 billion. These results would represent year-over-year changes of -16.71% and -0.99%, respectively.
Investors might also notice recent changes to analyst estimates for KHC. These revisions help to show the ever-changing nature of 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 20.75% lower. KHC is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note KHC's current valuation metrics, including its Forward P/E ratio of 10.97. This represents a discount compared to its industry's average Forward P/E of 17.55.
Also, we should mention that KHC has a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KHC's industry had an average PEG ratio of 2.23 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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
Kraft Heinz (KHC - Free Report) closed at $32.50 in the latest trading session, marking a +0.65% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.07%.
Prior to today's trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 32.98% over the past month. This has lagged the Consumer Staples sector's gain of 2.2% and the S&P 500's gain of 0.52% in that time.
Investors will be hoping for strength from KHC as it approaches its next earnings release. On that day, KHC is projected to report earnings of $0.67 per share, which would represent a year-over-year decline of 24.72%. Meanwhile, our latest consensus estimate is calling for revenue of $6.13 billion, down 2.83% from the prior-year quarter.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.94 per share and revenue of $26 billion. These results would represent year-over-year changes of -16.71% and -0.99%, respectively.
Investors might also notice recent changes to analyst estimates for KHC. These revisions help to show the ever-changing nature of 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 20.75% lower. KHC is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note KHC's current valuation metrics, including its Forward P/E ratio of 10.97. This represents a discount compared to its industry's average Forward P/E of 17.55.
Also, we should mention that KHC has a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KHC's industry had an average PEG ratio of 2.23 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.