Kraft Heinz (KHC) closed at $33.56 in the latest trading session, marking a -0.18% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.11%. Meanwhile, the Dow lost 1.54%, and the Nasdaq, a tech-heavy index, lost 0.3%.Prior to today's trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 10.11% over the past month. This has lagged the Consumer Staples sector's loss of 7.43% and the S&P 500's loss of 8.19% in that time.Investors will be hoping for strength from Kraft Heinz as it approaches its next earnings release. In that report, analysts expect Kraft Heinz to post earnings of $0.57 per share. This would mark a year-over-year decline of 12.31%. Meanwhile, our latest consensus estimate is calling for revenue of $6.21 billion, down 1.73% from the prior-year quarter.For the full year, our Zacks Consensus Estimates are projecting earnings of $2.66 per share and revenue of $25.99 billion, which would represent changes of -9.22% and -0.21%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for Kraft Heinz. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.79% lower within the past month. Kraft Heinz is holding a Zacks Rank of #3 (Hold) right now.Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 12.66. For comparison, its industry has an average Forward P/E of 17.72, which means Kraft Heinz is trading at a discount to the group.We can also see that KHC currently has a PEG ratio of 2.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.56 based on yesterday's closing prices.The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 36% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow KHC in the coming trading sessions, be sure to utilize Zacks.com. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Kraft Heinz Company (KHC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research