H.J. Heinz Company Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component H.J. Heinz Company (NYSE:HNZ) will unveil its latest earnings on Friday, November 18, 2011. HJ Heinz manufactures food products, including ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products.

H.J. Heinz Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 80 cents per share, a rise of 2.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 84 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 80 cents during the last month. Analysts are projecting profit to rise by 8.1% versus last year to $3.33.

Last quarter, the company came in at profit of 78 cents per share against a mean estimate of net income of 76 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $2.91 billion in revenue this quarter, a rise of 11.5% from the year ago quarter. Analysts are forecasting total revenue of $11.8 billion for the year, a rise of 10.2% from last year’s revenue of $10.71 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the first quarter, profit fell 6% to $226.1 million (70 cents a share) from $240.4 million (75 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 14.9% to $2.85 billion from $2.48 billion.

Key Stats:

The decrease in profit in the first quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 16.4% in the fourth quarter of the last fiscal year, 19.8% in the third quarter of the last fiscal year and 8.6% in the second quarter of the last fiscal year.

Revenue has gone up for three straight quarters. It rose 6% in the fourth quarter of the last fiscal year from the year earlier and 1.5% in the third quarter of the last fiscal year.

Competitors to Watch: Ralcorp Holdings, Inc. (NYSE:RAH), Smart Balance, Inc. (NASDAQ:SMBL), TreeHouse Foods Inc. (NYSE:THS), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Campbell Soup Company (NYSE:CPB), ConAgra Foods, Inc. (NYSE:CAG), Kraft Foods Inc. (NYSE:KFT), General Mills, Inc. (NYSE:GIS), Unilever plc (NYSE:UL), and Unilever N.V. (NYSE:UN).

Stock Price Performance: During September 19, 2011 to November 14, 2011, the stock price had risen $2.97 (5.9%) from $50.64 to $53.61. The stock price saw one of its best stretches over the last year between March 30, 2011 and April 6, 2011 when shares rose for six-straight days, rising 1.1% (+55 cents) over that span. It saw one of its worst periods between January 24, 2011 and February 2, 2011 when shares fell for eight-straight days, falling 4% (-$1.91) over that span. Shares are up $5.49 (+11.4%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.