Earnings Outlook: Kraft Heinz earnings: Cost-cutting and deal synergies may carry more weight

Kraft Heinz Co. is scheduled to release its fourth-quarter report on Wednesday, after the stock market closes, with investors eyeing whether the processed food and beverages company’s results will help extend the stock’s rally toward record highs.

UBS analyst Steven Strycula said what is arguably more important than whether Kraft Heinz beats earnings expectations for a fifth-straight quarter, and can snap its two-quarter streak of revenue misses, is whether the company raises its target for cost cuts and merger synergies. Strycula said he believes the target will be raised to his projection of $1.7 billion, with potential upside to $2 billion, from the current target of $1.5 billion.

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