Analysts on Wall Street project that Hershey (HSY) will announce quarterly earnings of $2.05 per share in its forthcoming report, representing a decline of 1.9% year over year. Revenues are projected to reach $3.03 billion, increasing 8% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Hershey metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- North America Salty Snacks' will reach $343.67 million. The estimate points to a change of +23.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- North America' should come in at $2.81 billion. The estimate suggests a change of +9.1% year over year.
Analysts forecast 'Net Sales- International' to reach $239.18 million. The estimate indicates a change of +5.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales- North America Confectionery' of $2.47 billion. The estimate suggests a change of +7.3% year over year.
It is projected by analysts that the 'Segment Income (loss)- North America Confectionery' will reach $730.35 million. Compared to the current estimate, the company reported $696.37 million in the same quarter of the previous year.
The average prediction of analysts places 'Segment Income (loss)- North America Salty Snacks' at $60.60 million. Compared to the present estimate, the company reported $41.85 million in the same quarter last year.
Analysts' assessment points toward 'Segment income (loss)- International' reaching $2.94 million. The estimate compares to the year-ago value of $28.73 million.
The consensus estimate for 'Segment income (loss)- North America' stands at $790.95 million. Compared to the present estimate, the company reported $738.23 million in the same quarter last year.
View all Key Company Metrics for Hershey here>>>Over the past month, Hershey shares have recorded returns of -12.7% versus the Zacks S&P 500 composite's +12.8% change. Based on its Zacks Rank #3 (Hold), HSY will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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