NEW YORK (TheStreet) -- The Kraft Heinz Co. (KHC) - Get Report stock closed higher by 0.23% to $72.99 on Wednesday ahead of the company's 2015 fourth quarter financial report, due out Thursday after the market close.
Tomorrow's report will show the second quarter of combined results between Kraft Foods Group and H.J. Heinz Co. since the merger closed in July 2015.
Analysts are expecting the Pittsburgh-based food company to report earnings of 59 cents per share on $7.02 billion in revenue for the last three months of 2015.
Last year, Kraft Foods reported a loss of 68 cents per share on revenue of $4.7 billion for the quarter ended December 27, 2014. Comparable figures from H.J. Heinz are unavailable because the company was privately held before the merger.
"While we continue to have confidence in the company's ability to create value for shareholders long-term through its integration and potential to ultimately add to its platform through M&A, we would not necessarily expect fourth-quarter results to represent a needle-moving event for shares," TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, and Jack Mohr, research director said in a post on Action Alerts PLUS.
(Kraft Heinz is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with afree trial.)