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STOCKS TRADE MIXED AFTER S&P 500'S RECORD CLOSE

Yields drop, rate-cut hopes rise on weak economic data

Kraft Heinz (KHC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

For the quarter ended March 2024, Kraft Heinz (KHC) reported revenue of $6.41 billion, down 1.2% over the same period last year. EPS came in at $0.69, compared to $0.68 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $6.42 billion, representing a surprise of -0.13%. The company delivered an EPS surprise of +1.47%, with the consensus EPS estimate being $0.68.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Kraft Heinz performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Revenues- North America: $4.83 billion versus the five-analyst average estimate of $4.77 billion. The reported number represents a year-over-year change of -1.2%.

  • Net Revenues- International: $1.58 billion compared to the $1.65 billion average estimate based on five analysts. The reported number represents a change of -1.3% year over year.

  • Net Revenues- International: $1.58 billion compared to the $1.65 billion average estimate based on five analysts. The reported number represents a change of -1.3% year over year.

  • Net Revenues- North America: $4.83 billion versus $4.77 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.

View all Key Company Metrics for Kraft Heinz here>>>

Shares of Kraft Heinz have returned -1.9% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research