PREVIEW: Kraft Heinz seen reporting drop in Q3 EPS and rev

** Shares in packaged food co Kraft Heinz KHC down 0.6% on Tues ahead of quarterly report due before market open on Weds

** KHC expected to report Q3 adj EPS of $0.58 vs $0.75 in year-ago quarter on rev of $6.26 bln vs $6.38 bln year ago, according to LSEG

** KHC met or beat EPS estimates in each of the last eight quarters while rev beat the Street just once

** Kraft Heinz said on Sept 2 that it will split into two companies, one focused on groceries and the other on sauces and spreads

** In July it beat estimates for quarterly results helped by resilient demand for pantry staples and condiments in the United States as consumers tried to stretch household budgets.

** KHC last at $25.44 vs median PT of $28, down from $29 a month ago, as per LSEG, which shows 22 analyst ratings: 2 'strong buy,' 19 'hold' and 1 'sell'

** KHC shares down ~17% YTD, tracking for third straight year of losses vs ~2% gain for the S&P 500 consumer staples index S5CONS