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Kraft Heinz (KHC) Rises As Market Takes a Dip: Key Facts
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Kraft Heinz (KHC - Free Report) closed at $22.48 in the latest trading session, marking a +2.27% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.47% for the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 1.25%.
Shares of the processed food company with dual headquarters in Pittsburgh and Chicago witnessed a loss of 10.69% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 4.53%, and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Kraft Heinz in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.43, marking a 29.51% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $6.04 billion, indicating a 3.08% downward movement from the same quarter last year.
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.
Any recent changes to analyst estimates for Kraft Heinz should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.38% lower. At present, Kraft Heinz boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Kraft Heinz is at present trading with a Forward P/E ratio of 10.72. For comparison, its industry has an average Forward P/E of 14.33, which means Kraft Heinz is trading at a discount to the group.
One should further note that KHC currently holds a PEG ratio of 2.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Food - Miscellaneous industry currently had an average PEG ratio of 2.16 as of yesterday's close.
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.
To follow KHC in the coming trading sessions, be sure to utilize Zacks.com.
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Kraft Heinz (KHC) Rises As Market Takes a Dip: Key Facts
Kraft Heinz (KHC - Free Report) closed at $22.48 in the latest trading session, marking a +2.27% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.47% for the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 1.25%.
Shares of the processed food company with dual headquarters in Pittsburgh and Chicago witnessed a loss of 10.69% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 4.53%, and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Kraft Heinz in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.43, marking a 29.51% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $6.04 billion, indicating a 3.08% downward movement from the same quarter last year.
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.
Any recent changes to analyst estimates for Kraft Heinz should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.38% lower. At present, Kraft Heinz boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Kraft Heinz is at present trading with a Forward P/E ratio of 10.72. For comparison, its industry has an average Forward P/E of 14.33, which means Kraft Heinz is trading at a discount to the group.
One should further note that KHC currently holds a PEG ratio of 2.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Food - Miscellaneous industry currently had an average PEG ratio of 2.16 as of yesterday's close.
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.
To follow KHC in the coming trading sessions, be sure to utilize Zacks.com.