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Hershey (HSY) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Hershey (HSY - Free Report) closed at $168.33, marking a -1.44% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
The chocolate bar and candy maker's shares have seen a decrease of 9.53% over the last month, not keeping up with the Consumer Staples sector's loss of 1.17% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Hershey in its upcoming release. The company's upcoming EPS is projected at $2.11, signifying a 62.31% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.26 billion, up 2.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $8.49 per share and a revenue of $12.29 billion, demonstrating changes of +34.55% and +5.13%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Hershey. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hershey is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Hershey is holding a Forward P/E ratio of 20.08. This indicates a premium in contrast to its industry's Forward P/E of 19.92.
It is also worth noting that HSY currently has a PEG ratio of 1.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Food - Confectionery was holding an average PEG ratio of 1.35 at yesterday's closing price.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Hershey (HSY) Stock Dips While Market Gains: Key Facts
In the latest trading session, Hershey (HSY - Free Report) closed at $168.33, marking a -1.44% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
The chocolate bar and candy maker's shares have seen a decrease of 9.53% over the last month, not keeping up with the Consumer Staples sector's loss of 1.17% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Hershey in its upcoming release. The company's upcoming EPS is projected at $2.11, signifying a 62.31% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.26 billion, up 2.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $8.49 per share and a revenue of $12.29 billion, demonstrating changes of +34.55% and +5.13%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Hershey. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hershey is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Hershey is holding a Forward P/E ratio of 20.08. This indicates a premium in contrast to its industry's Forward P/E of 19.92.
It is also worth noting that HSY currently has a PEG ratio of 1.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Food - Confectionery was holding an average PEG ratio of 1.35 at yesterday's closing price.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.