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Hershey (HSY) Tops on Q1 Earnings, Misses Revenues
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The Hershey Company (HSY - Free Report) is one of the largest chocolate manufacturers in North America marketing some of the world’s leading brands like Hershey’s, Reese’s and Kisses which enjoy widespread consumer acceptance.
Investors should note that earnings estimate for the quarter has moved down in the last 60 days. However, HSY has a impressive earnings surprise history. The company has posted positive earnings surprise in all the past four quarters, with an average positive surprise of 7.85%.
Revenues: HSY reported revenues of $1.88 billion. This missed our consensus estimate of $1.90 billion.
Key Stats to Note: Organically, excluding the impact of favorable foreign currency translation, sales rose 2.7%.
Stock Price Movement: Shares were up 0.6% in pre-market trading at the time of writing.
Check back later for our full write up on this HSY earnings report later!
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Hershey (HSY) Tops on Q1 Earnings, Misses Revenues
The Hershey Company (HSY - Free Report) is one of the largest chocolate manufacturers in North America marketing some of the world’s leading brands like Hershey’s, Reese’s and Kisses which enjoy widespread consumer acceptance.
Investors should note that earnings estimate for the quarter has moved down in the last 60 days. However, HSY has a impressive earnings surprise history. The company has posted positive earnings surprise in all the past four quarters, with an average positive surprise of 7.85%.
Currently, HSY has a Zacks Rank #3 (Hold), but that could change following Hershey’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HSY beat on earnings. Our consensus earnings estimate called for EPS of $1.26/share, and the company reported EPS of $1.31 instead.
Hershey Company (The) Price and EPS Surprise
Hershey Company (The) Price and EPS Surprise | Hershey Company (The) Quote
Revenues: HSY reported revenues of $1.88 billion. This missed our consensus estimate of $1.90 billion.
Key Stats to Note: Organically, excluding the impact of favorable foreign currency translation, sales rose 2.7%.
Stock Price Movement: Shares were up 0.6% in pre-market trading at the time of writing.
Check back later for our full write up on this HSY earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>