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Insights Into Hershey (HSY) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts expect Hershey (HSY - Free Report) to post quarterly earnings of $2.51 per share in its upcoming report, which indicates a year-over-year decline of 3.5%. Revenues are expected to be $3.07 billion, up 1.4% from the year-ago quarter.
The current level reflects an upward revision of 5.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Hershey metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Net Sales- North America Confectionery' will likely reach $2.52 billion. The estimate indicates a year-over-year change of +2.6%.
The collective assessment of analysts points to an estimated 'Net Sales- North America Salty Snacks' of $316.01 million. The estimate suggests a change of -8.5% year over year.
The consensus among analysts is that 'Net Sales- North America' will reach $2.84 billion. The estimate points to a change of +1.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales- International' should arrive at $243.88 million. The estimate suggests a change of +7.4% year over year.
Analysts forecast 'Segment Income (loss)- North America Confectionery' to reach $772.65 million. The estimate is in contrast to the year-ago figure of $847.47 million.
The consensus estimate for 'Unallocated corporate expense' stands at -$186.74 million. Compared to the current estimate, the company reported $183.15 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Segment Income (loss)- North America Salty Snacks' should come in at $49.98 million. Compared to the present estimate, the company reported $57.39 million in the same quarter last year.
The average prediction of analysts places 'Segment income (loss)- International' at $35.38 million. The estimate is in contrast to the year-ago figure of $31.69 million.
It is projected by analysts that the 'Segment income (loss)- North America' will reach $822.63 million. The estimate compares to the year-ago value of $904.86 million.
Over the past month, shares of Hershey have returned -6.6% versus the Zacks S&P 500 composite's +0.4% change. Currently, HSY carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Insights Into Hershey (HSY) Q3: Wall Street Projections for Key Metrics
Wall Street analysts expect Hershey (HSY - Free Report) to post quarterly earnings of $2.51 per share in its upcoming report, which indicates a year-over-year decline of 3.5%. Revenues are expected to be $3.07 billion, up 1.4% from the year-ago quarter.
The current level reflects an upward revision of 5.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Hershey metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Net Sales- North America Confectionery' will likely reach $2.52 billion. The estimate indicates a year-over-year change of +2.6%.
The collective assessment of analysts points to an estimated 'Net Sales- North America Salty Snacks' of $316.01 million. The estimate suggests a change of -8.5% year over year.
The consensus among analysts is that 'Net Sales- North America' will reach $2.84 billion. The estimate points to a change of +1.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales- International' should arrive at $243.88 million. The estimate suggests a change of +7.4% year over year.
Analysts forecast 'Segment Income (loss)- North America Confectionery' to reach $772.65 million. The estimate is in contrast to the year-ago figure of $847.47 million.
The consensus estimate for 'Unallocated corporate expense' stands at -$186.74 million. Compared to the current estimate, the company reported $183.15 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Segment Income (loss)- North America Salty Snacks' should come in at $49.98 million. Compared to the present estimate, the company reported $57.39 million in the same quarter last year.
The average prediction of analysts places 'Segment income (loss)- International' at $35.38 million. The estimate is in contrast to the year-ago figure of $31.69 million.
It is projected by analysts that the 'Segment income (loss)- North America' will reach $822.63 million. The estimate compares to the year-ago value of $904.86 million.
View all Key Company Metrics for Hershey here>>>
Over the past month, shares of Hershey have returned -6.6% versus the Zacks S&P 500 composite's +0.4% change. Currently, HSY carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>