TSN - Kraft Heinz: A Tasty Valuation But A Salty Chart Going Into Earnings

2024-02-12 10:08:13 ET

Summary

• Three out of four firms in the S&P 500 have topped bottom-line estimates in Q4 earnings season, and this week's earnings docket includes many household consumer companies.
• The Kraft Heinz Company sports a low earnings multiple, high free cash flow, and a strong dividend yield heading into its Q4 report due out Wednesday morning, February 14th.
• I outline key price levels to watch and analyze what the options market says about this week's profit report.

Earnings season is coming in just fine. FactSet reports that with two-thirds of the S&P 500 (SP500) (SPX) having reported Q4 results, three out of four firms have topped bottom-line estimates. What’s more, it looks increasingly likely that the SPX will post its second consecutive quarter of year-over-year EPS growth, cementing an end to the earnings recession seen during the early and middle part of 2023. ...

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