Published on 20 Jan 2022 on Zacks via Yahoo Finance
Kraft Heinz (KHC) closed at $37.22 in the latest trading session, marking a -0.56% move from the prior day. This change was narrower than the S&P 500's 0.97% loss on the day. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq added 0.23%.
Prior to today's trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had gained 6.94% over the past month. This has outpaced the Consumer Staples sector's gain of 1.69% and the S&P 500's loss of 0.78% in that time.
Wall Street will be looking for positivity from Kraft Heinz as it approaches its next earnings report date. This is expected to be February 16, 2022. The company is expected to report EPS of $0.63, down 21.25% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.6 billion, down 4.82% from the prior-year quarter.