Kraft Foods Group (KRFT) Scheduled to Post Earnings on Wednesday
Kraft Foods Group (NASDAQ:KRFT) is scheduled to release its Q313 earnings data on Wednesday, October 30th. Analysts expect Kraft Foods Group to post earnings of $0.69 per share and revenue of $4.59 billion for the quarter.
Kraft Foods Group (NASDAQ:KRFT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.81 million. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts expect Kraft Foods Group to post $2.80 EPS for the current fiscal year and $3.21 EPS for the next fiscal year.
Kraft Foods Group (NASDAQ:KRFT) opened at 55.51 on Tuesday. Kraft Foods Group has a 52-week low of $42.00 and a 52-week high of $58.76. The stock has a 50-day moving average of $54.19 and a 200-day moving average of $53.55. The company has a market cap of $33.060 billion and a price-to-earnings ratio of 18.17.
KRFT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Kraft Foods Group in a research note to investors on Friday, September 27th. They now have a $56.00 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Kraft Foods Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. They now have a $61.00 price target on the stock, up previously from $60.00. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kraft Foods Group presently has an average rating of “Hold” and an average target price of $56.67.
Kraft Foods Group, Inc (NASDAQ:KRFT) operates food and beverage businesses in North America.
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