While the top- and bottom-line numbers for Hershey (HSY) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hershey (HSY) came out with quarterly earnings of $2.34 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.60 per share a year ago.
Hershey trimmed its annual revenue and profit forecasts on Thursday after missing Wall Street estimates for third-quarter, as repeated price hikes have dampened demand for its chocolates, confectionery, and salty snack products.
Chocolate maker's stock drops as its adjusted earnings miss analyst estimates.
HSY's Q3 results are likely to reflect soft consumer demand due to slower discretionary spending. However, the growing confectionery unit bodes well.
Following the herd can be a dangerous game on Wall Street. It could be time to think outside the box.
Hershey's stock has been trading sideways due to high cocoa prices and investor concerns over the impact of price increases on sales. Despite short-term challenges, Hershey boasts high margins, strong free cash flow, and a growing dividend, making it a solid long-term investment. Q3 earnings are expected to show the positive effects of price increases, with a potential EPS beat that could restore investor confidence.
Get a deeper insight into the potential performance of Hershey (HSY) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
These top-notch dividend growth stocks are rare deals in a market that keeps marching higher.
Hershey (HSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hershey (HSY) concluded the recent trading session at $180.02, signifying a -1.55% move from its prior day's close.
In the most recent trading session, Hershey (HSY) closed at $182.85, indicating a +0.88% shift from the previous trading day.