khc biggest news for latest quarter
2/14/2024 00:44am
Here is the relevant news and analysis:1. Kraft Heinz Stock Performance: Kraft Heinz (KHC) stock fell by 2.95% in the past month, underperforming the S&P 500 and the Consumer Staples sector. The company is expected to report earnings on February 14, 2024, with a projected EPS of $0.77, down 9.41% year-over-year, and revenue of $6.97 billion, down 5.55% from the prior year.2. Wall Street's Insights on Kraft Heinz: Wall Street analysts anticipate a 9.4% YoY decline in earnings per share and a 5.6% decrease in revenue for Kraft Heinz's upcoming quarter. In the past 30 days, there was a 0.7% downward revision in consensus EPS estimate. The company's performance is expected to align with overall market trends.3. Kraft Heinz Stock Movement: Kraft Heinz's stock closed at $37.13, down 0.59% from the previous day, underperforming the S&P 500. The stock has seen a 2.02% decrease over the last month, not keeping up with the Consumer Staples sector's gain.4. Kraft Heinz Outperforms Market: Kraft Heinz's stock rose by 1.2% to $37.26, exceeding the S&P 500. The company's shares have increased by 0.82% in the last month, not matching the Consumer Staples sector's gain.Analysis: Kraft Heinz's upcoming earnings report is crucial, with expected declines in earnings and revenue. Analysts anticipate a YoY decrease in earnings, reflecting market cautiousness. Recent stock performance shows mixed results, with slight declines in the past month. Investors should closely monitor the earnings report for insights into the company's future direction.