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Kraft Heinz (KHC) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $31.71, marking a +1.9% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
Shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese have depreciated by 9.32% over the course of the past month, underperforming the Consumer Staples sector's loss of 4.01% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2023. The company's upcoming EPS is projected at $0.66, signifying a 4.76% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.71 billion, reflecting a 3.14% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.89 per share and a revenue of $27.04 billion, indicating changes of +3.96% and +2.11%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Kraft Heinz is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Kraft Heinz is presently being traded at a Forward P/E ratio of 10.78. Its industry sports an average Forward P/E of 14.96, so one might conclude that Kraft Heinz is trading at a discount comparatively.
We can also see that KHC currently has a PEG ratio of 2.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. KHC's industry had an average PEG ratio of 2.2 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 35% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kraft Heinz (KHC) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $31.71, marking a +1.9% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
Shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese have depreciated by 9.32% over the course of the past month, underperforming the Consumer Staples sector's loss of 4.01% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2023. The company's upcoming EPS is projected at $0.66, signifying a 4.76% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.71 billion, reflecting a 3.14% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.89 per share and a revenue of $27.04 billion, indicating changes of +3.96% and +2.11%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Kraft Heinz is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Kraft Heinz is presently being traded at a Forward P/E ratio of 10.78. Its industry sports an average Forward P/E of 14.96, so one might conclude that Kraft Heinz is trading at a discount comparatively.
We can also see that KHC currently has a PEG ratio of 2.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. KHC's industry had an average PEG ratio of 2.2 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 35% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.