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Hershey (HSY) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Hershey (HSY - Free Report) closed at $224.05, marking a -1.54% move from the previous day. This move lagged the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.07%.
Coming into today, shares of the chocolate bar and candy maker had gained 1.03% in the past month. In that same time, the Consumer Staples sector lost 3.09%, while the S&P 500 lost 3.49%.
Hershey will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.07, down 1.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.61 billion, up 10.44% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.21 per share and revenue of $10.21 billion, which would represent changes of +14.35% and +13.86%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Hershey. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Hershey is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Hershey's current valuation metrics, including its Forward P/E ratio of 27.72. This represents a premium compared to its industry's average Forward P/E of 24.2.
Also, we should mention that HSY has a PEG ratio of 3.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Food - Confectionery stocks are, on average, holding a PEG ratio of 3.62 based on yesterday's closing prices.
The Food - Confectionery industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 40, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Hershey (HSY) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Hershey (HSY - Free Report) closed at $224.05, marking a -1.54% move from the previous day. This move lagged the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.07%.
Coming into today, shares of the chocolate bar and candy maker had gained 1.03% in the past month. In that same time, the Consumer Staples sector lost 3.09%, while the S&P 500 lost 3.49%.
Hershey will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.07, down 1.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.61 billion, up 10.44% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.21 per share and revenue of $10.21 billion, which would represent changes of +14.35% and +13.86%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Hershey. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Hershey is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Hershey's current valuation metrics, including its Forward P/E ratio of 27.72. This represents a premium compared to its industry's average Forward P/E of 24.2.
Also, we should mention that HSY has a PEG ratio of 3.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Food - Confectionery stocks are, on average, holding a PEG ratio of 3.62 based on yesterday's closing prices.
The Food - Confectionery industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 40, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.