- Kraft Heinz ( NASDAQ: KHC ) is scheduled to announce Q2 earnings results on Wednesday, July 27th, before market open.
- The consensus EPS Estimate is $0.68 (-12.8% Y/Y) and the consensus Revenue Estimate is $6.36B (-3.9% Y/Y) amid rising commodity and supply chain costs.
- Over the last 2 years, KHC has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
- Over the last 3 months, EPS estimates have seen 5 upward revisions and 7 downward. Revenue estimates have seen 11 upward revisions and 0 downward.
- In its latest earnings release, the company provided the following 2022 outlook; it had also expected cost of goods inflation to be up by mid-teens during 2022.
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The consumer company boosts of a strong forward dividend yield of 4.17%.
- As part of its next transformation phase, management unveiled AGILE@SCALE in February 2022 which will aim at helping KHC enhance its agile expertise and capabilities through partnerships with technology giants and cutting-edge innovators.
- In mid-July, the stock received a buy rating from Mizuho Securities as it is well-situated for a potential recession due to its outperformance across many categories during the 2008-2009 economic downturn.
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Of the 20 Wall Street Analysts covering the stock, 11 rated it a Hold while 4 stands with a String Buy rating; In-line, Quant rating also stands at Hold; Sa Contributor recently wrote, “Kraft Heinz: Why I’m Buying At These Levels”
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Kraft Heinz Q2 Earnings seen pressurized under rising commodity and supply chain costs