We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hershey (HSY) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
In the latest close session, Hershey (HSY - Free Report) was up +1.37% at $162.54. The stock outpaced the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
The stock of chocolate bar and candy maker has fallen by 6.88% in the past month, lagging the Consumer Staples sector's loss of 4.53% and the S&P 500's gain of 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of Hershey in its upcoming earnings disclosure. The company is expected to report EPS of $2.11, up 62.31% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $3.25 billion, indicating a 2.3% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.49 per share and revenue of $12.29 billion, indicating changes of +34.55% and +5.12%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hershey. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 has remained steady. At present, Hershey boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Hershey currently has a Forward P/E ratio of 18.89. This indicates a premium in contrast to its industry's Forward P/E of 18.26.
It's also important to note that HSY currently trades at a PEG ratio of 1.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Confectionery industry currently had an average PEG ratio of 1.27 as of yesterday's close.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 107, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HSY in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Hershey (HSY) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, Hershey (HSY - Free Report) was up +1.37% at $162.54. The stock outpaced the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
The stock of chocolate bar and candy maker has fallen by 6.88% in the past month, lagging the Consumer Staples sector's loss of 4.53% and the S&P 500's gain of 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of Hershey in its upcoming earnings disclosure. The company is expected to report EPS of $2.11, up 62.31% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $3.25 billion, indicating a 2.3% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.49 per share and revenue of $12.29 billion, indicating changes of +34.55% and +5.12%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hershey. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 has remained steady. At present, Hershey boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Hershey currently has a Forward P/E ratio of 18.89. This indicates a premium in contrast to its industry's Forward P/E of 18.26.
It's also important to note that HSY currently trades at a PEG ratio of 1.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Confectionery industry currently had an average PEG ratio of 1.27 as of yesterday's close.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 107, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HSY in the coming trading sessions, be sure to utilize Zacks.com.