Kraft Heinz shares closed at $22.03, down 3.46% from the previous session, a steeper decline than the S&P 500's 0.37% loss. The stock has dropped 4.08% over the past month, underperforming the Consumer Staples sector's 1.01% decline and the S&P 500's 2.02% gain. The company is expected to report earnings per share of $0.52, a 24.64% year-over-year decline, on revenue of $6.12 billion, down 3.59%. Full-year consensus estimates call for earnings of $2.07 per share and revenue of $24.43 billion, representing declines of 20.38% and 2.06%, respectively. Kraft Heinz holds a Zacks Rank of 3, or Hold, and trades at a forward price-to-earnings ratio of 11.05, a discount to its industry's average of 13.82.
The Kraft Heinz CompanyExpected earnings and revenue declines, with EPS down 24.64% YoY and revenue down 3.59%.