Kraft Heinz Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings and Financial Performance - The Kraft Heinz Company is scheduled to release its Q2 financial results on July 31 before the market opens [1] - In Q1 FY24, the company reported a 1.2% YoY sales decline to $6.411 billion, missing the analyst consensus estimate of $6.429 billion [2] - Analysts expect Q2 earnings of 74 cents per share, down from 79 cents per share in the year-ago period, with expected revenue of $6.55 billion compared to $6.81 billion a year earlier [5] Analyst Ratings and Price Targets - B of A Securities analyst Bryan Spillane maintained a Buy rating but cut the price target from $42 to $38 on July 10 [4] - Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and reduced the price target from $37 to $34 on June 27 [4] - Piper Sandler analyst Michael Lavery maintained an Overweight rating but lowered the price target from $42 to $41 on June 20 [4] - Evercore ISI Group analyst David Palmer upgraded the stock from In-Line to Outperform and raised the price target from $40 to $42 on Dec 11, 2023 [4] - Bernstein analyst Alexia Howard upgraded the stock from Market Perform to Outperform with a price target of $40 on Nov 14, 2023 [4] Stock Performance - Kraft Heinz shares rose 1.3% to close at $33.84 on Tuesday [6]