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Countdown to Mondelez (MDLZ) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from Mondelez (MDLZ - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 26.3% compared to the year-ago period. Analysts forecast revenues of $9.74 billion, representing an increase of 5.9% year over year.
The current level reflects a downward revision of 0.5% 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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Mondelez metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Geographic Revenue- North America' will reach $2.77 billion. The estimate indicates a year-over-year change of -1.8%.
The consensus among analysts is that 'Geographic Revenue- Europe' will reach $3.67 billion. The estimate indicates a change of +10.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- AMEA' will likely reach $2.04 billion. The estimate indicates a change of +10.4% from the prior-year quarter.
Analysts forecast 'Geographic Revenue- Latin America' to reach $1.25 billion. The estimate points to a change of +4% from the year-ago quarter.
Analysts predict that the 'Operating Income- AMEA- Non-GAAP' will reach $298.89 million. Compared to the current estimate, the company reported $348.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Operating Income- Europe- Non-GAAP' of $500.65 million. The estimate compares to the year-ago value of $761.00 million.
According to the collective judgment of analysts, 'Operating Income- North America- Non-GAAP' should come in at $491.07 million. The estimate is in contrast to the year-ago figure of $593.00 million.
Analysts expect 'Operating Income- Latin America- Non-GAAP' to come in at $125.54 million. Compared to the present estimate, the company reported $142.00 million in the same quarter last year.
Mondelez shares have witnessed a change of -3.8% in the past month, in contrast to the Zacks S&P 500 composite's +0.2% move. With a Zacks Rank #4 (Sell), MDLZ is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Mondelez (MDLZ) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from Mondelez (MDLZ - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 26.3% compared to the year-ago period. Analysts forecast revenues of $9.74 billion, representing an increase of 5.9% year over year.
The current level reflects a downward revision of 0.5% 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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Mondelez metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Geographic Revenue- North America' will reach $2.77 billion. The estimate indicates a year-over-year change of -1.8%.
The consensus among analysts is that 'Geographic Revenue- Europe' will reach $3.67 billion. The estimate indicates a change of +10.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- AMEA' will likely reach $2.04 billion. The estimate indicates a change of +10.4% from the prior-year quarter.
Analysts forecast 'Geographic Revenue- Latin America' to reach $1.25 billion. The estimate points to a change of +4% from the year-ago quarter.
Analysts predict that the 'Operating Income- AMEA- Non-GAAP' will reach $298.89 million. Compared to the current estimate, the company reported $348.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Operating Income- Europe- Non-GAAP' of $500.65 million. The estimate compares to the year-ago value of $761.00 million.
According to the collective judgment of analysts, 'Operating Income- North America- Non-GAAP' should come in at $491.07 million. The estimate is in contrast to the year-ago figure of $593.00 million.
Analysts expect 'Operating Income- Latin America- Non-GAAP' to come in at $125.54 million. Compared to the present estimate, the company reported $142.00 million in the same quarter last year.
View all Key Company Metrics for Mondelez here>>>Mondelez shares have witnessed a change of -3.8% in the past month, in contrast to the Zacks S&P 500 composite's +0.2% move. With a Zacks Rank #4 (Sell), MDLZ is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .