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Compared to Estimates, Hershey (HSY) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Hershey (HSY - Free Report) reported revenue of $3.03 billion, up 11.1% over the same period last year. EPS came in at $2.60, compared to $2.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.96 billion, representing a surprise of +2.24%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $2.47.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hershey performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- North America Salty Snacks: $345.18 million versus the five-analyst average estimate of $322.20 million.
Net Sales- North America Confectionery: $2.46 billion versus $2.41 billion estimated by five analysts on average.
Net Sales- International: $227.16 million compared to the $241.02 million average estimate based on five analysts.
Net Sales- North America: $2.80 billion versus the four-analyst average estimate of $2.74 billion.
Unallocated corporate expense: $183.15 million compared to the -$184.69 million average estimate based on four analysts.
Shares of Hershey have returned -4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Hershey (HSY) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Hershey (HSY - Free Report) reported revenue of $3.03 billion, up 11.1% over the same period last year. EPS came in at $2.60, compared to $2.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.96 billion, representing a surprise of +2.24%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $2.47.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hershey performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- North America Salty Snacks: $345.18 million versus the five-analyst average estimate of $322.20 million.
- Net Sales- North America Confectionery: $2.46 billion versus $2.41 billion estimated by five analysts on average.
- Net Sales- International: $227.16 million compared to the $241.02 million average estimate based on five analysts.
- Net Sales- North America: $2.80 billion versus the four-analyst average estimate of $2.74 billion.
- Unallocated corporate expense: $183.15 million compared to the -$184.69 million average estimate based on four analysts.
View all Key Company Metrics for Hershey here>>>Shares of Hershey have returned -4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.