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Kraft Heinz (KHC) Misses on Q4 Earnings & Revenue Estimates

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The Kraft Heinz Company (KHC - Free Report) is one of the largest consumer packaged food and beverage companies in North America. It manufactures and markets food and beverage products like condiments and sauces, cheese as well as dairy, meals, meats, refreshment beverages, coffee, and other grocery products. Its popular brands include Heinz, Kraft, Oscar Mayer, Planters, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, and Ore-Ida.

Investors should note that earnings estimate for 2018 has moved north by 0.5% in the last 30 days. Nevertheless, KHC has a mixed earnings surprise history. The company has posted positive earnings surprise in two of the past four quarters, with an average positive surprise of 1.4%.

Currently, KHC has a Zacks Rank #3 (Hold), but that could change following Kraft Heinz’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: KHC reported EPS of 90 cents per share missing the Zacks Consensus Estimate of 96 cents per share.

Revenues: KHC reported revenues of $6.88 billion. This missed the Zacks Consensus Estimate of $6.90 billion.

Share Price Movement: Shares were down 1.1% in pre-market trading at the time of writing.

Check back later for our full write up on this KHC earnings report later!

The Kraft Heinz Company Price and EPS Surprise

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