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Kraft Heinz (KHC) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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In its upcoming report, Kraft Heinz (KHC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.78 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $6.66 billion, representing a year-over-year decrease of 2.9%.
Over the last 30 days, there has been a downward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Kraft Heinz metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Revenues- International' reaching $945.07 million. The estimate indicates a year-over-year change of -44.2%.
It is projected by analysts that the 'Net Revenues- North America' will reach $4.97 billion. The estimate suggests a change of -3.9% year over year.
Analysts forecast 'Segment Adjusted EBITDA- International' to reach $149.04 million. Compared to the current estimate, the company reported $290 million in the same quarter of the previous year.
The average prediction of analysts places 'Segment Adjusted EBITDA- North America' at $1.32 billion. Compared to the present estimate, the company reported $1.50 billion in the same quarter last year.
Shares of Kraft Heinz have demonstrated returns of -2.2% over the past month compared to the Zacks S&P 500 composite's +1.9% change. With a Zacks Rank #4 (Sell), KHC is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Kraft Heinz (KHC) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, Kraft Heinz (KHC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.78 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $6.66 billion, representing a year-over-year decrease of 2.9%.
Over the last 30 days, there has been a downward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Kraft Heinz metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Revenues- International' reaching $945.07 million. The estimate indicates a year-over-year change of -44.2%.
It is projected by analysts that the 'Net Revenues- North America' will reach $4.97 billion. The estimate suggests a change of -3.9% year over year.
Analysts forecast 'Segment Adjusted EBITDA- International' to reach $149.04 million. Compared to the current estimate, the company reported $290 million in the same quarter of the previous year.
The average prediction of analysts places 'Segment Adjusted EBITDA- North America' at $1.32 billion. Compared to the present estimate, the company reported $1.50 billion in the same quarter last year.
View all Key Company Metrics for Kraft Heinz here>>>
Shares of Kraft Heinz have demonstrated returns of -2.2% over the past month compared to the Zacks S&P 500 composite's +1.9% change. With a Zacks Rank #4 (Sell), KHC is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>