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 remained stable in the last 60 days. HSY has an impressive earnings surprise history. The company has posted positive earnings surprise in all the past four quarters, with an average positive surprise of 7.65%.
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 91 cents, and the company reported EPS of $1.09 instead.
Hershey Company (The) Price and EPS Surprise
Revenues: HSY reported revenues of $1,663 million. This surpassed the Zacks Consensus Estimate of $1,652 million.
Key Stats to Note: Organically, excluding the impact of favorable foreign currency translation, sales rose 1.8%.
Stock Price Movement: Shares were up 0.2% 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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