Can Kraft Heinz (KHC) Keep the Earnings Surprise Streak Alive?

Core Viewpoint - Kraft Heinz (KHC) is positioned to potentially continue its earnings-beat streak in upcoming reports, supported by a history of exceeding earnings estimates and a positive earnings surprise prediction [1][5]. Earnings Performance - For the most recent quarter, Kraft Heinz reported earnings of $0.64 per share, missing the expected $0.69 per share, resulting in a surprise of 7.81%. In the previous quarter, the company reported $0.62 per share against an expectation of $0.60, achieving a surprise of 3.33% [2]. Earnings Estimates and Predictions - Estimates for Kraft Heinz have been trending higher, aided by its history of earnings surprises. The stock currently has a positive Zacks Earnings ESP of +0.44%, indicating bullish sentiment among analysts regarding its near-term earnings potential [5][8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong likelihood of another earnings beat, with historical data showing that stocks with this combination beat consensus estimates nearly 70% of the time [6][8]. Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions. This metric is crucial for predicting earnings performance, as it captures the most current information available [7][9].