Kraft Heinz (KHC) closed at $24.34 in the latest trading session, marking a +1.84% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
Heading into today, shares of the processed food company with dual headquarters in Pittsburgh and Chicago had gained 6.41% over the past month, outpacing the Consumer Staples sector's gain of 5.63% and the S&P 500's gain of 0.71%.
The upcoming earnings release of Kraft Heinz will be of great interest to investors. The company's earnings report is expected on November 4, 2026. It is anticipated that the company will report an EPS of $0.43, marking a 29.51% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $6.06 billion, down 2.86% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.05 per share and a revenue of $24.54 billion, signifying shifts of -21.15% and -1.63%, respectively, from the last year.
Any recent changes to analyst estimates for Kraft Heinz should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.04% lower. Kraft Heinz is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 11.67. This valuation marks a discount compared to its industry average Forward P/E of 14.56.
Also, we should mention that KHC has a PEG ratio of 2.92. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Food - Miscellaneous industry had an average PEG ratio of 2.33 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 215, placing it within the bottom 13% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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This article originally published on Zacks Investment Research (zacks.com).
