Kraft Heinz(US:KHC) ZACKSยท2024-10-25 14:20Core Insights - Kraft Heinz (KHC) is expected to report quarterly earnings of $0.74 per share, reflecting a 2.8% increase year-over-year, while revenues are forecasted at $6.42 billion, indicating a 2.3% decline compared to the previous year [1] - Analysts have revised their consensus EPS estimate upward by 0.1% over the past 30 days, suggesting a collective reassessment of projections [1] - The correlation between earnings estimate revisions and short-term stock price performance is highlighted as a significant indicator for investor actions [1] Revenue Estimates - Analysts project 'Net Revenues- International' to reach $868.71 million, showing a substantial year-over-year decline of 44.8% [2] - 'Net Revenues- North America' is estimated at $4.88 billion, reflecting a decrease of 2.4% from the same quarter last year [2] EBITDA Estimates - 'Segment Adjusted EBITDA- North America' is expected to be $1.22 billion, down from $1.39 billion reported in the same quarter of the previous year [2] - 'Segment Adjusted EBITDA- International' is anticipated to be $124.16 million, a significant drop from $259 million reported in the same quarter last year [3] Stock Performance - Kraft Heinz shares have seen a change of +0.7% over the past month, compared to a +1.4% increase in the Zacks S&P 500 composite [3] - With a Zacks Rank of 4 (Sell), KHC is projected to underperform the overall market in the near future [3]