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Actionable news in KHC: THE KRAFT HEINZ COMPANY COMMON STOCK,

Will Cost Cut Help Kraft Heinz (KHC) Beat in Q2 Earnings?

We expect The Kraft Heinz Company KHC to beat expectations when it reports second-quarter 2017 results after market close on Aug 3. Last quarter, this packaged food manufacturer delivered a negative earnings surprise of 1.18%. However, the company delivered a positive earnings surprise in three of the last four quarters, the average beat being 8.09%.

The chart below depicts the surprise history.

The Kraft Heinz Company Price and EPS Surprise

The Kraft Heinz Company Price and EPS Surprise | The Kraft Heinz Company Quote

Why a Likely Positive Surprise?

Per our proven model, Kraft Heinz has the right combination of the two key ingredients - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - to be able to beat estimates.

Zacks ESP: The Most Accurate estimate stands at 97 cents per share, while the Zacks Consensus Estimate is pegged at 96 cents resulting in an Earnings ESP of +1.04%. This is a meaningful indicator of a likely positive surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .

Zacks Rank: Kraft Heinz carries a Zacks Rank #3.

We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.

Factors at Play

The company has been witnessing top-line...


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