In its upcoming report, Hershey (HSY) is predicted by Wall Street analysts to post quarterly earnings of $2.12 per share, reflecting an increase of 63.1% compared to the same period last year. Revenues are forecasted to be $3.25 billion, representing a year-over-year increase of 2.3%.
Over the last 30 days, there has been a downward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance 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.
That said, let's delve into the average estimates of some Hershey metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- North America Salty Snacks' to come in at $377.44 million. The estimate points to a change of +17.6% from the year-ago quarter.
Analysts predict that the 'Net Sales- North America' will reach $3.01 billion. The estimate points to a change of +2.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- International' should come in at $233.55 million. The estimate suggests a change of -4.6% year over year.
The average prediction of analysts places 'Net Sales- North America Confectionery' at $2.63 billion. The estimate points to a change of +0.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Segment Income (loss)- North America Confectionery' will likely reach $796.18 million. The estimate is in contrast to the year-ago figure of $571.48 million.
Analysts forecast 'Segment Income (loss)- North America Salty Snacks' to reach $59.02 million. The estimate is in contrast to the year-ago figure of $57.75 million.
The collective assessment of analysts points to an estimated 'Segment income (loss)- North America' of $855.20 million. The estimate is in contrast to the year-ago figure of $629.22 million.
View all Key Company Metrics for Hershey here>>>Shares of Hershey have experienced a change of +2.3% in the past month compared to the -0.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), HSY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Hershey Company (The) (HSY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).