Utz Brands (UTZ) Reports Next Week: What Awaits?

Core Viewpoint - Wall Street anticipates flat earnings for Utz Brands in the upcoming quarter, with a consensus EPS estimate of $0.19 per share, unchanged from the previous year, and revenues expected to rise by 1% to $359.84 million [1][3]. Earnings Expectations - The stock price may increase if actual earnings exceed expectations in the earnings report scheduled for July 31, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 1.35% higher in the last 30 days, indicating a slight positive sentiment among analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Utz Brands is lower than the consensus estimate, resulting in an Earnings ESP of -2.70%, indicating a bearish outlook [12]. - The company holds a Zacks Rank of 3, which complicates predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Utz Brands met the consensus EPS estimate of $0.16, resulting in no surprise [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Industry Comparison - Kraft Heinz, another player in the food industry, is expected to report earnings of $0.64 per share, reflecting an 18% year-over-year decline, with revenues projected at $6.27 billion, down 3.2% [18][19]. - Kraft Heinz has a positive Earnings ESP of +0.31% and has consistently beaten consensus EPS estimates in the last four quarters [20].