We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kraft Heinz (KHC) Stock Moves -1.15%: What You Should Know
Read MoreHide Full Article
Kraft Heinz (KHC - Free Report) closed the most recent trading day at $25.73, moving -1.15% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.31%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 2.98% over the last month, not keeping up with the Consumer Staples sector's loss of 0.37% and the S&P 500's gain of 5.05%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company is expected to report EPS of $0.64, down 17.95% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.26 billion, down 3.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.57 per share and revenue of $24.97 billion, which would represent changes of -16.01% and -3.38%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Kraft Heinz is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, Kraft Heinz is presently trading at a Forward P/E ratio of 10.12. Its industry sports an average Forward P/E of 16.65, 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 3.04. 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. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 1.61.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 196, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kraft Heinz (KHC) Stock Moves -1.15%: What You Should Know
Kraft Heinz (KHC - Free Report) closed the most recent trading day at $25.73, moving -1.15% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.31%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 2.98% over the last month, not keeping up with the Consumer Staples sector's loss of 0.37% and the S&P 500's gain of 5.05%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company is expected to report EPS of $0.64, down 17.95% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.26 billion, down 3.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.57 per share and revenue of $24.97 billion, which would represent changes of -16.01% and -3.38%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Kraft Heinz is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, Kraft Heinz is presently trading at a Forward P/E ratio of 10.12. Its industry sports an average Forward P/E of 16.65, 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 3.04. 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. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 1.61.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 196, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.