The upcoming report from Mondelez (MDLZ) is expected to reveal quarterly earnings of $0.66 per share, indicating a decline of 30.5% compared to the year-ago period. Analysts forecast revenues of $9.33 billion, representing an increase of 0.4% year over year.
Over the last 30 days, there has been an upward revision of 0.8% 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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Mondelez metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Geographic Revenue- North America' will reach $2.57 billion. The estimate points to a change of -3% from the year-ago quarter.
The consensus estimate for 'Geographic Revenue- Europe' stands at $3.39 billion. The estimate points to a change of +0.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- AMEA' will likely reach $2.07 billion. The estimate indicates a year-over-year change of +6.1%.
Analysts predict that the 'Geographic Revenue- Latin America' will reach $1.22 billion. The estimate suggests a change of -7.5% year over year.
The average prediction of analysts places 'Operating Income- AMEA- Non-GAAP' at $316.05 million. Compared to the current estimate, the company reported $412 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating Income- Europe- Non-GAAP' reaching $372.28 million. Compared to the current estimate, the company reported $641 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Operating Income- North America- Non-GAAP' of $503.38 million. The estimate compares to the year-ago value of $579 million.
Analysts forecast 'Operating Income- Latin America- Non-GAAP' to reach $129.93 million. The estimate is in contrast to the year-ago figure of $178 million.
View all Key Company Metrics for Mondelez here>>>
Shares of Mondelez have experienced a change of +1.6% in the past month compared to the -5.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MDLZ 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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Mondelez International, Inc. (MDLZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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