Kraft Heinz Earnings Preview: Expectations and Analysis
NASDAQ: KHC
Key Metrics:
* Expected Revenue: $6.66 billion (-2.9% YoY)
* Expected Adjusted EPS: $0.78
Analysts' Outlook:
* Analysts have maintained revenue estimates, indicating stable performance.
* Kraft Heinz has missed revenue expectations in six of the last two years.
Peer Performance:
* Mondelez: 3.1% YoY revenue growth, meeting estimates.
* BellRing Brands: 23.8% YoY revenue growth, exceeding estimates.
Market Conditions:
* Inflation easing towards the Fed's target.
* Recent rate cuts and the approaching presidential election boosting stock market performance.
Kraft Heinz Stock:
* Trading at $28.96 with an average analyst price target of $36.05.
* Shelf-stable food stocks have generally underperformed the market.
* Kraft Heinz stock price unchanged in the past month.
Conclusion:
Analysts expect a modest decline in Kraft Heinz's revenue for the quarter. While the company has a history of missing revenue estimates, it remains to be seen if it can meet or exceed expectations this time. Investors should monitor the earnings announcement closely for any surprises and assess the company's outlook in light of current market conditions.