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Kraft Heinz (KHC) Declines More Than Market: Some Information for Investors
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In the latest close session, Kraft Heinz (KHC - Free Report) was down 2.89% at $23.54. This change lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.06%.
The processed food company with dual headquarters in Pittsburgh and Chicago's stock has dropped by 2.06% in the past month, falling short of the Consumer Staples sector's gain of 1.35% and the S&P 500's gain of 1.99%.
Investors will be eagerly watching for the performance of Kraft Heinz in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.61, showcasing a 27.38% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.39 billion, indicating a 2.8% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.53 per share and a revenue of $24.98 billion, demonstrating changes of -17.32% and 0%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kraft Heinz. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 0.4% lower. As of now, Kraft Heinz holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 9.7. This denotes a discount relative to the industry average Forward P/E of 12.96.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 29% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Kraft Heinz (KHC) Declines More Than Market: Some Information for Investors
In the latest close session, Kraft Heinz (KHC - Free Report) was down 2.89% at $23.54. This change lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.06%.
The processed food company with dual headquarters in Pittsburgh and Chicago's stock has dropped by 2.06% in the past month, falling short of the Consumer Staples sector's gain of 1.35% and the S&P 500's gain of 1.99%.
Investors will be eagerly watching for the performance of Kraft Heinz in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.61, showcasing a 27.38% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.39 billion, indicating a 2.8% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.53 per share and a revenue of $24.98 billion, demonstrating changes of -17.32% and 0%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kraft Heinz. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 0.4% lower. As of now, Kraft Heinz holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 9.7. This denotes a discount relative to the industry average Forward P/E of 12.96.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 29% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.