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Kraft Heinz (KHC) Outpaces Stock Market Gains: What You Should Know
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Kraft Heinz (KHC - Free Report) ended the recent trading session at $23.27, demonstrating a +1.39% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.62%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 0.83%.
The stock of processed food company with dual headquarters in Pittsburgh and Chicago has fallen by 0.82% in the past month, leading the Consumer Staples sector's loss of 3.32% and undershooting the S&P 500's gain of 0.8%.
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 per share (EPS) are projected to be $0.5, reflecting a 19.35% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.89 billion, down 1.82% from the year-ago period.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.04 per share and revenue of $24.46 billion. These results would represent year-over-year changes of -21.54% and -1.93%, respectively.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% lower. Kraft Heinz is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Kraft Heinz's current valuation metrics, including its Forward P/E ratio of 11.27. This valuation marks a discount compared to its industry average Forward P/E of 13.79.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 204, putting it in the bottom 17% 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) Outpaces Stock Market Gains: What You Should Know
Kraft Heinz (KHC - Free Report) ended the recent trading session at $23.27, demonstrating a +1.39% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.62%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 0.83%.
The stock of processed food company with dual headquarters in Pittsburgh and Chicago has fallen by 0.82% in the past month, leading the Consumer Staples sector's loss of 3.32% and undershooting the S&P 500's gain of 0.8%.
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 per share (EPS) are projected to be $0.5, reflecting a 19.35% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.89 billion, down 1.82% from the year-ago period.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.04 per share and revenue of $24.46 billion. These results would represent year-over-year changes of -21.54% and -1.93%, respectively.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% lower. Kraft Heinz is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Kraft Heinz's current valuation metrics, including its Forward P/E ratio of 11.27. This valuation marks a discount compared to its industry average Forward P/E of 13.79.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 204, putting it in the bottom 17% 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.