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Mondelez (MDLZ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, Mondelez (MDLZ - Free Report) reported revenue of $9.03 billion, up 16.3% over the same period last year. EPS came in at $0.82, compared to $0.74 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.68 billion, representing a surprise of +4.05%. The company delivered an EPS surprise of +5.13%, with the consensus EPS estimate being $0.78.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America: $2.85 billion versus the five-analyst average estimate of $2.76 billion. The reported number represents a year-over-year change of +14%.
Geographic Revenue- Europe: $3.09 billion versus $3.11 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.5% change.
Geographic Revenue- AMEA: $1.79 billion compared to the $1.70 billion average estimate based on five analysts. The reported number represents a change of +5.1% year over year.
Geographic Revenue- Latin America: $1.31 billion versus $1.25 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +42.9% change.
Shares of Mondelez have returned -2.1% over the past month versus the Zacks S&P 500 composite's -2.2% 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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Mondelez (MDLZ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Mondelez (MDLZ - Free Report) reported revenue of $9.03 billion, up 16.3% over the same period last year. EPS came in at $0.82, compared to $0.74 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.68 billion, representing a surprise of +4.05%. The company delivered an EPS surprise of +5.13%, with the consensus EPS estimate being $0.78.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- North America: $2.85 billion versus the five-analyst average estimate of $2.76 billion. The reported number represents a year-over-year change of +14%.
- Geographic Revenue- Europe: $3.09 billion versus $3.11 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.5% change.
- Geographic Revenue- AMEA: $1.79 billion compared to the $1.70 billion average estimate based on five analysts. The reported number represents a change of +5.1% year over year.
- Geographic Revenue- Latin America: $1.31 billion versus $1.25 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +42.9% change.
View all Key Company Metrics for Mondelez here>>>Shares of Mondelez have returned -2.1% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.