In its upcoming report, Hershey (HSY) is predicted by Wall Street analysts to post quarterly earnings of $1.40 per share, reflecting a decline of 48% compared to the same period last year. Revenues are forecasted to be $3 billion, representing a year-over-year increase of 4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Hershey metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- North America Salty Snacks' will reach $301.80 million. The estimate points to a change of +8.2% from the year-ago quarter.
Analysts predict that the 'Net Sales- North America' will reach $2.75 billion. The estimate points to a change of +4.6% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- International' at $246.33 million. The estimate suggests a change of -3.2% year over year.
The combined assessment of analysts suggests that 'Net Sales- North America Confectionery' will likely reach $2.45 billion. The estimate suggests a change of +4.2% year over year.
The collective assessment of analysts points to an estimated 'Segment Income (loss)- North America Confectionery' of $624.32 million. The estimate compares to the year-ago value of $808.17 million.
According to the collective judgment of analysts, 'Segment Income (loss)- North America Salty Snacks' should come in at $58.58 million. The estimate is in contrast to the year-ago figure of $54.50 million.
Analysts forecast 'Segment income (loss)- International' to reach -$4.15 million. The estimate is in contrast to the year-ago figure of $29.55 million.
The consensus estimate for 'Segment income (loss)- North America' stands at $682.90 million. Compared to the current estimate, the company reported $862.68 million in the same quarter of the previous year.
View all Key Company Metrics for Hershey here>>>
Over the past month, Hershey shares have recorded returns of +6.8% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #1 (Strong Buy), HSY will likely outperform 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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Hershey Company (The) (HSY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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