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Kraft Heinz (KHC) Outpaces Stock Market Gains: What You Should Know
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Kraft Heinz (KHC - Free Report) closed the most recent trading day at $40.31, moving +0.67% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.43%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Heading into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had gained 4.87% over the past month, outpacing the Consumer Staples sector's gain of 1.62% and the S&P 500's gain of 3.69% in that time.
Investors will be hoping for strength from Kraft Heinz as it approaches its next earnings release, which is expected to be April 27, 2022. On that day, Kraft Heinz is projected to report earnings of $0.52 per share, which would represent a year-over-year decline of 27.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.77 billion, down 9.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.64 per share and revenue of $24.89 billion. These totals would mark changes of -9.9% and -4.42%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection remained stagnant. 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 15.18 right now. This represents a discount compared to its industry's average Forward P/E of 18.79.
Also, we should mention that KHC has a PEG ratio of 3.04. 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. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 3.02 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 17% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kraft Heinz (KHC) Outpaces Stock Market Gains: What You Should Know
Kraft Heinz (KHC - Free Report) closed the most recent trading day at $40.31, moving +0.67% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.43%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Heading into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had gained 4.87% over the past month, outpacing the Consumer Staples sector's gain of 1.62% and the S&P 500's gain of 3.69% in that time.
Investors will be hoping for strength from Kraft Heinz as it approaches its next earnings release, which is expected to be April 27, 2022. On that day, Kraft Heinz is projected to report earnings of $0.52 per share, which would represent a year-over-year decline of 27.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.77 billion, down 9.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.64 per share and revenue of $24.89 billion. These totals would mark changes of -9.9% and -4.42%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection remained stagnant. 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 15.18 right now. This represents a discount compared to its industry's average Forward P/E of 18.79.
Also, we should mention that KHC has a PEG ratio of 3.04. 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. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 3.02 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 17% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.