Kraft Heinz (KHC) Stock Moves -1.35%: What You Should Know
Kraft Heinz (KHC) closed the most recent trading day at $46.82, moving -1.35% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.08%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 2.27%.
Coming into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 8.71% in the past month. In that same time, the Consumer Staples sector lost 2.8%, while the S&P 500 lost 3.6%.
Investors will be hoping for strength from KHC as it approaches its next earnings release, which is expected to be February 15, 2019. In that report, analysts expect KHC to post earnings of $0.97 per share. This would mark year-over-year growth of 7.78%. Our most recent consensus estimate is calling for quarterly revenue of $6.97 billion, up 1.31% from the year-ago period.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $3.64 per share and revenue of $26.34 billion. These results would represent year-over-year changes of +2.54% and +0.39%, respectively.
It is also important to note the recent changes to analyst estimates for KHC. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 0.21% lower within the past month. KHC is currently a Zacks Rank #3 (Hold).
Looking at its valuation, KHC is holding a Forward P/E ratio of 13.05. This represents a discount compared to its industry's average Forward P/E of 15.94.
Meanwhile, KHC's PEG ratio is currently 2.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. KHC's industry had an average PEG ratio of 2.13 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 208, which puts it in the bottom 19% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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