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Kraft Heinz (KHC) closed the most recent trading day at $27.65, moving +0.91% from the previous trading session. This change outpaced the S&P 500's 1.32% loss on the day. Elsewhere, the Dow lost 1.41%, while the tech-heavy Nasdaq lost 1.51%.
Heading into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 14.85% over the past month, lagging the Consumer Staples sector's loss of 3.04% and the S&P 500's loss of 5.09% in that time.
KHC will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.60, down 32.58% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.08 billion, down 3.49% from the year-ago period.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.82 per share and revenue of $25.85 billion. These results would represent year-over-year changes of -20.11% and -1.55%, respectively.
Investors should also note any recent changes to analyst estimates for KHC. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.43% higher within the past month. KHC currently has a Zacks Rank of #3 (Hold).
Digging into valuation, KHC currently has a Forward P/E ratio of 9.72. This valuation marks a discount compared to its industry's average Forward P/E of 18.73.
It is also worth noting that KHC currently has a PEG ratio of 2.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Miscellaneous industry currently had an average PEG ratio of 2.28 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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The Kraft Heinz Company (KHC) : Free Stock Analysis Report
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