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Kraft Heinz (NASDAQ:KHC) is scheduled to announce Q3 earnings outcomes on Wednesday, October twenty sixth, earlier than market open.
The Chicago-based meals and beverage large notched a beat on high and backside traces for Q2, encouraging the corporate to boost its steerage for 2022. CEO Miguel Patricio cited new worth will increase and effectivity enhancements as particular strategies by which the corporate intends to “reveal resilience.”
On Wall Avenue, analysts at Goldman Sachs upgraded Kraft Heinz (KHC) this month and mentioned that whereas relative valuation ranges for client staples shares, basically, look daunting, meals shares are nonetheless engaging on a valuation foundation for buyers. The agency is constructive on the meals sector with worth will increase seen being bigger and longer lasting than beforehand thought, which ought to assist margins even after enter prices subside.
Kraft Heinz (KHC) reaffirmed prior steerage forward of an look by execs on the Barclays International Shopper Staples Convention in September. For the long-term, Kraft sees natural gross sales development of two% to three%, adjusted EBITDA development of 4% to six%, and adjusted EPS development of 6% to eight%.
During the last 3 months, EPS estimates have seen 1 upward revision and 14 downward. Income estimates have seen 8 upward revisions and three downward. The consensus EPS Estimate is $0.56 (-13.8% Y/Y) and the consensus Income Estimate is $6.29B (-0.5% Y/Y).
During the last 2 years, KHC has overwhelmed EPS estimates 100% of the time and has overwhelmed income estimates 100% of the time.
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