Kraft Heinz (KHC) closed the most recent trading day at $34.71, moving +0.29% from the previous trading session. This change outpaced the S&P 500's 0.72% loss on the day. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 9.54% over the past month, lagging the Consumer Staples sector's loss of 6.82% and the S&P 500's loss of 9.06% in that time.
Wall Street will be looking for positivity from Kraft Heinz as it approaches its next earnings report date. In that report, analysts expect Kraft Heinz to post earnings of $0.57 per share. This would mark a year-over-year decline of 12.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.21 billion, down 1.73% from the year-ago period.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.66 per share and revenue of $25.96 billion. These results would represent year-over-year changes of -9.22% and -0.3%, respectively.
Any recent changes to analyst estimates for Kraft Heinz should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.79% lower. Kraft Heinz is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Kraft Heinz has a Forward P/E ratio of 13.03 right now. This valuation marks a discount compared to its industry's average Forward P/E of 18.78.
Meanwhile, KHC's PEG ratio is currently 2.61. 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 2.61 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 152, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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