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Here's Why Kraft Heinz (KHC) Fell More Than Broader Market
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In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $24.27, marking a -1.34% move from the previous day. This change lagged the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 3.57% over the last month, not keeping up with the Consumer Staples sector's loss of 0.52% and the S&P 500's loss of 0.82%.
Market participants will be closely following the financial results of Kraft Heinz in its upcoming release. The company is predicted to post an EPS of $0.43, indicating a 29.51% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.03 billion, reflecting a 3.31% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.06 per share and a revenue of $24.51 billion, signifying shifts of -20.77% and -1.75%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.11% lower within the past month. Right now, Kraft Heinz possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 11.96. Its industry sports an average Forward P/E of 14.21, so one might conclude that Kraft Heinz is trading at a discount comparatively.
It is also worth noting that KHC currently has a PEG ratio of 2.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Food - Miscellaneous industry had an average PEG ratio of 2.2 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 14% of all 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.
View the Zacks #1 Rank List
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Here's Why Kraft Heinz (KHC) Fell More Than Broader Market
In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $24.27, marking a -1.34% move from the previous day. This change lagged the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 3.57% over the last month, not keeping up with the Consumer Staples sector's loss of 0.52% and the S&P 500's loss of 0.82%.
Market participants will be closely following the financial results of Kraft Heinz in its upcoming release. The company is predicted to post an EPS of $0.43, indicating a 29.51% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.03 billion, reflecting a 3.31% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.06 per share and a revenue of $24.51 billion, signifying shifts of -20.77% and -1.75%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.11% lower within the past month. Right now, Kraft Heinz possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 11.96. Its industry sports an average Forward P/E of 14.21, so one might conclude that Kraft Heinz is trading at a discount comparatively.
It is also worth noting that KHC currently has a PEG ratio of 2.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Food - Miscellaneous industry had an average PEG ratio of 2.2 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 14% of all 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.