Kraft
Kraft Heinz (KHC) closed at $22.30 within the newest buying and selling session, marking a +0.09% transfer from the prior day. The inventory outpaced the S&P 500’s each day lack of 4.34%. On the similar time, the Dow misplaced 4.55%, and the tech-heavy Nasdaq misplaced 3.79%.
Heading into as we speak, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had misplaced 18.75% over the previous month, outpacing the Client Staples sector’s lack of 24.15% and the S&P 500’s lack of 28.78% in that point.
Wall Avenue will probably be searching for positivity from KHC because it approaches its subsequent earnings report date.
Trying on the full yr, our Zacks Consensus Estimates counsel analysts expect earnings of $2.31 per share and income of $24.33 billion. These totals would mark modifications of -18.95% and -2.57%, respectively, from final yr.
It’s also essential to notice the latest modifications to analyst estimates for KHC. Current revisions are inclined to mirror the newest near-term…