These Analysts Boost Their Forecasts On Kraft Heinz After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Kraft Heinz (NASDAQ:KHC) reported better-than-expected Q2 adjusted EPS but missed sales estimates. Analysts have adjusted their price targets following the earnings announcement.
August 01, 2024 | 6:08 pm
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Kraft Heinz reported Q2 adjusted EPS of 78 cents, beating the consensus of 74 cents, but sales declined 3.6% Y/Y to $6.48 billion, missing the estimate of $6.55 billion. Analysts have adjusted their price targets following the earnings announcement.
While Kraft Heinz beat EPS estimates, the sales decline and missed estimates have led to mixed analyst reactions. The stock price fell slightly by 0.3%, indicating a neutral short-term impact.
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