Mondelez International, Inc. (MDLZ - Free Report) is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Its brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span various consumer sectors: Biscuits, Confectionery, Beverages, Cheese, Grocery and Convenient Meals. Mondelez International, Inc., formerly known as Kraft Foods Inc., is based in Deerfield, IL.
Investors should also note that earnings estimate for 2017 has been moving downward ahead of this earnings release in the last seven days. Also, the stock has an impressive earnings history. MDLZ delivered positive earnings surprise in three of the past four quarters, bringing the average positive earnings surprise to 8.21%.
Currently, MDLZ has a Zacks Rank #3 (Hold), but that could definitely change following SodaStream’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:
Beat earnings estimates: The company posted earnings of 48 cents per share, topping the Zacks Consensus Estimate of 46 cents per share.
Beat revenue estimates: The company saw revenue figures of $5.99 billion, beating our consensus estimate of $5.95 billion.
Key Stats to Note: Organic revenues declined 2.7% in the quarter.
Check back later for our full write up on this MDLZ earnings report later!
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