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Kraft Heinz (KHC) Declines More Than Market: Some Information for Investors
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In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $22.72, marking a -3.11% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Heading into today, shares of the processed food company with dual headquarters in Pittsburgh and Chicago had lost 9.35% over the past month, lagging the Consumer Staples sector's loss of 4.32% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Kraft Heinz will be of great interest to investors. In that report, analysts expect Kraft Heinz to post earnings of $0.43 per share. This would mark a year-over-year decline of 29.51%. At the same time, our most recent consensus estimate is projecting a revenue of $6.04 billion, reflecting a 3.08% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.05 per share and a revenue of $24.52 billion, signifying shifts of -21.15% and -1.7%, respectively, from the last 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.38% lower. Kraft Heinz currently has a Zacks Rank of #3 (Hold).
Investors should also note Kraft Heinz's current valuation metrics, including its Forward P/E ratio of 11.44. This expresses a discount compared to the average Forward P/E of 14.02 of its industry.
We can also see that KHC currently has a PEG ratio of 2.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Food - Miscellaneous industry currently had an average PEG ratio of 2.29 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Kraft Heinz (KHC) Declines More Than Market: Some Information for Investors
In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $22.72, marking a -3.11% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Heading into today, shares of the processed food company with dual headquarters in Pittsburgh and Chicago had lost 9.35% over the past month, lagging the Consumer Staples sector's loss of 4.32% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Kraft Heinz will be of great interest to investors. In that report, analysts expect Kraft Heinz to post earnings of $0.43 per share. This would mark a year-over-year decline of 29.51%. At the same time, our most recent consensus estimate is projecting a revenue of $6.04 billion, reflecting a 3.08% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.05 per share and a revenue of $24.52 billion, signifying shifts of -21.15% and -1.7%, respectively, from the last 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.38% lower. Kraft Heinz currently has a Zacks Rank of #3 (Hold).
Investors should also note Kraft Heinz's current valuation metrics, including its Forward P/E ratio of 11.44. This expresses a discount compared to the average Forward P/E of 14.02 of its industry.
We can also see that KHC currently has a PEG ratio of 2.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Food - Miscellaneous industry currently had an average PEG ratio of 2.29 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.