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Kraft Heinz (KHC) Stock Moves -1.52%: What You Should Know
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Kraft Heinz (KHC - Free Report) ended the recent trading session at $24.00, demonstrating a -1.52% change from the preceding day's closing price. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 5.06% over the last month, not keeping up with the Consumer Staples sector's loss of 3.8% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Kraft Heinz will be of great interest to investors. On that day, Kraft Heinz is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 29.51%. Meanwhile, our latest consensus estimate is calling for revenue of $6.04 billion, down 3.08% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.05 per share and a revenue of $24.52 billion, indicating changes of -21.15% and -1.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 shifted 0.32% downward. Kraft Heinz is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Kraft Heinz is presently trading at a Forward P/E ratio of 11.88. This signifies a discount in comparison to the average Forward P/E of 14 for its industry.
Investors should also note that KHC has a PEG ratio of 2.97 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Food - Miscellaneous industry had an average PEG ratio of 2.19 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 210, positioning it in the bottom 15% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Kraft Heinz (KHC) Stock Moves -1.52%: What You Should Know
Kraft Heinz (KHC - Free Report) ended the recent trading session at $24.00, demonstrating a -1.52% change from the preceding day's closing price. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 5.06% over the last month, not keeping up with the Consumer Staples sector's loss of 3.8% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Kraft Heinz will be of great interest to investors. On that day, Kraft Heinz is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 29.51%. Meanwhile, our latest consensus estimate is calling for revenue of $6.04 billion, down 3.08% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.05 per share and a revenue of $24.52 billion, indicating changes of -21.15% and -1.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 shifted 0.32% downward. Kraft Heinz is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Kraft Heinz is presently trading at a Forward P/E ratio of 11.88. This signifies a discount in comparison to the average Forward P/E of 14 for its industry.
Investors should also note that KHC has a PEG ratio of 2.97 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Food - Miscellaneous industry had an average PEG ratio of 2.19 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 210, positioning it in the bottom 15% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.