Kraft Heinz (KHC) Up 3.2% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Kraft Heinz shares have increased by approximately 3.2% over the past month, outperforming the S&P 500, but recent estimates have trended downward, indicating potential challenges ahead [1][2]. Group 1: Earnings Report and Estimates - Kraft Heinz's consensus estimate has decreased by 10.86% in the past month, reflecting a negative shift in expectations [2]. - The stock has received a subpar Growth Score of D and a similar score for momentum, while its value score is C, placing it in the middle 20% for that strategy [3]. Group 2: Outlook and Performance - The overall trend of downward estimate revisions suggests a Zacks Rank of 4 (Sell) for Kraft Heinz, indicating expectations of below-average returns in the coming months [4]. - Kraft Heinz is part of the Zacks Food - Miscellaneous industry, where competitor Mondelez has seen a 5.8% increase in shares over the past month, reporting revenues of $9.6 billion with a year-over-year growth of 3.1% [5]. - Mondelez's expected earnings for the current quarter are $0.67 per share, reflecting a 29.5% decrease from the previous year, and it also holds a Zacks Rank of 4 (Sell) with a VGM Score of D [6].