Packaged foods company Kraft Heinz (NASDAQ: KHC) will be reporting earnings this Wednesday before market open. Here’s what you need to know.

Kraft Heinz met analysts’ revenue expectations last quarter, reporting revenues of $6.24 billion, down 2.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ organic revenue estimates and a miss of analysts’ gross margin estimates.

Is Kraft Heinz a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Kraft Heinz’s revenue to decline 3.1% year on year to $6.37 billion, improving from the 4.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Kraft Heinz’s peers in the shelf-stable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 7%, beating analysts’ expectations by 3.8%, and BellRing Brands reported flat revenue, topping estimates by 6.7%. Hershey traded up 12.5% following the results while BellRing Brands was down 13.4%.

Read our full analysis of Hershey’s results here and BellRing Brands’s results here.

There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 5.8% on average over the last month. Kraft Heinz is up 5% during the same time and is heading into earnings with an average analyst price target of $26.50 (compared to the current share price of $24.57).

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