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Kraft Heinz (KHC) Dips More Than Broader Markets: What You Should Know
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Kraft Heinz (KHC - Free Report) closed at $42.20 in the latest trading session, marking a -0.92% move from the prior day. This move lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq added 11.55%.
Prior to today's trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had gained 6.64% over the past month. This has outpaced the Consumer Staples sector's loss of 2.09% and the S&P 500's loss of 1.03% in that time.
Kraft Heinz will be looking to display strength as it nears its next earnings release. On that day, Kraft Heinz is projected to report earnings of $0.78 per share, which would represent a year-over-year decline of 1.27%. Our most recent consensus estimate is calling for quarterly revenue of $7.15 billion, up 6.63% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 0.72% lower. Kraft Heinz is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 15.54. This valuation marks a discount compared to its industry's average Forward P/E of 18.93.
Investors should also note that KHC has a PEG ratio of 3.11 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KHC's industry had an average PEG ratio of 3.18 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kraft Heinz (KHC) Dips More Than Broader Markets: What You Should Know
Kraft Heinz (KHC - Free Report) closed at $42.20 in the latest trading session, marking a -0.92% move from the prior day. This move lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq added 11.55%.
Prior to today's trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had gained 6.64% over the past month. This has outpaced the Consumer Staples sector's loss of 2.09% and the S&P 500's loss of 1.03% in that time.
Kraft Heinz will be looking to display strength as it nears its next earnings release. On that day, Kraft Heinz is projected to report earnings of $0.78 per share, which would represent a year-over-year decline of 1.27%. Our most recent consensus estimate is calling for quarterly revenue of $7.15 billion, up 6.63% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 0.72% lower. Kraft Heinz is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 15.54. This valuation marks a discount compared to its industry's average Forward P/E of 18.93.
Investors should also note that KHC has a PEG ratio of 3.11 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KHC's industry had an average PEG ratio of 3.18 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.