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Ahead of Mondelez (MDLZ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Mondelez (MDLZ - Free Report) will report quarterly earnings of $0.72 per share in its upcoming release, pointing to a year-over-year decline of 1.4%. It is anticipated that revenues will amount to $9.98 billion, exhibiting an increase of 2.4% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Given this perspective, it's time to examine the average forecasts of specific Mondelez metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Geographic Revenue- North America' will likely reach $2.83 billion. The estimate points to a change of +0.6% from the year-ago quarter.
Analysts predict that the 'Geographic Revenue- Europe' will reach $3.65 billion. The estimate points to a change of -0.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- AMEA' should arrive at $2.15 billion. The estimate indicates a change of +6.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Geographic Revenue- Latin America' should come in at $1.35 billion. The estimate indicates a change of +9.2% from the prior-year quarter.
It is projected by analysts that the 'Operating Income- AMEA- Non-GAAP' will reach $268.29 million. The estimate is in contrast to the year-ago figure of $249.00 million.
The consensus among analysts is that 'Operating Income- Europe- Non-GAAP' will reach $363.10 million. Compared to the present estimate, the company reported $300.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating Income- North America- Non-GAAP' of $495.82 million. Compared to the present estimate, the company reported $546.00 million in the same quarter last year.
Analysts expect 'Operating Income- Latin America- Non-GAAP' to come in at $175.45 million. Compared to the current estimate, the company reported $151.00 million in the same quarter of the previous year.
Over the past month, Mondelez shares have recorded returns of +4.6% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #3 (Hold), MDLZ will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Mondelez (MDLZ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Mondelez (MDLZ - Free Report) will report quarterly earnings of $0.72 per share in its upcoming release, pointing to a year-over-year decline of 1.4%. It is anticipated that revenues will amount to $9.98 billion, exhibiting an increase of 2.4% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Given this perspective, it's time to examine the average forecasts of specific Mondelez metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Geographic Revenue- North America' will likely reach $2.83 billion. The estimate points to a change of +0.6% from the year-ago quarter.
Analysts predict that the 'Geographic Revenue- Europe' will reach $3.65 billion. The estimate points to a change of -0.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- AMEA' should arrive at $2.15 billion. The estimate indicates a change of +6.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Geographic Revenue- Latin America' should come in at $1.35 billion. The estimate indicates a change of +9.2% from the prior-year quarter.
It is projected by analysts that the 'Operating Income- AMEA- Non-GAAP' will reach $268.29 million. The estimate is in contrast to the year-ago figure of $249.00 million.
The consensus among analysts is that 'Operating Income- Europe- Non-GAAP' will reach $363.10 million. Compared to the present estimate, the company reported $300.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating Income- North America- Non-GAAP' of $495.82 million. Compared to the present estimate, the company reported $546.00 million in the same quarter last year.
Analysts expect 'Operating Income- Latin America- Non-GAAP' to come in at $175.45 million. Compared to the current estimate, the company reported $151.00 million in the same quarter of the previous year.
View all Key Company Metrics for Mondelez here>>>Over the past month, Mondelez shares have recorded returns of +4.6% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #3 (Hold), MDLZ will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .