We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hershey (HSY) Stock Moves -0.76%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Hershey (HSY - Free Report) closed at $243.15, marking a -0.76% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.1%. Elsewhere, the Dow lost 1.19%, while the tech-heavy Nasdaq lost 3.27%.
Prior to today's trading, shares of the chocolate bar and candy maker had gained 4.16% over the past month. This has outpaced the Consumer Staples sector's loss of 0.58% and the S&P 500's loss of 3.02% in that time.
Wall Street will be looking for positivity from Hershey as it approaches its next earnings report date. On that day, Hershey is projected to report earnings of $2.66 per share, which would represent year-over-year growth of 5.14%. Meanwhile, our latest consensus estimate is calling for revenue of $2.9 billion, up 8.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.39 per share and revenue of $11.23 billion. These totals would mark changes of +10.21% and +7.76%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Hershey. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Hershey currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Hershey is holding a Forward P/E ratio of 26.09. For comparison, its industry has an average Forward P/E of 23.04, which means Hershey is trading at a premium to the group.
Investors should also note that HSY has a PEG ratio of 3.4 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Confectionery was holding an average PEG ratio of 3.4 at yesterday's closing price.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HSY in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hershey (HSY) Stock Moves -0.76%: What You Should Know
In the latest trading session, Hershey (HSY - Free Report) closed at $243.15, marking a -0.76% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.1%. Elsewhere, the Dow lost 1.19%, while the tech-heavy Nasdaq lost 3.27%.
Prior to today's trading, shares of the chocolate bar and candy maker had gained 4.16% over the past month. This has outpaced the Consumer Staples sector's loss of 0.58% and the S&P 500's loss of 3.02% in that time.
Wall Street will be looking for positivity from Hershey as it approaches its next earnings report date. On that day, Hershey is projected to report earnings of $2.66 per share, which would represent year-over-year growth of 5.14%. Meanwhile, our latest consensus estimate is calling for revenue of $2.9 billion, up 8.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.39 per share and revenue of $11.23 billion. These totals would mark changes of +10.21% and +7.76%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Hershey. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Hershey currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Hershey is holding a Forward P/E ratio of 26.09. For comparison, its industry has an average Forward P/E of 23.04, which means Hershey is trading at a premium to the group.
Investors should also note that HSY has a PEG ratio of 3.4 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Confectionery was holding an average PEG ratio of 3.4 at yesterday's closing price.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HSY in the coming trading sessions, be sure to utilize Zacks.com.