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) closed the most recent trading day at $167.44, moving +0.58% from the previous trading session.
Hershey (HSY) closed at $166.59 in the latest trading session, marking a +1.44% move from the prior day.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Hershey's stock has dropped 40% due to tripled cocoa prices, but this may present a buying opportunity if cocoa prices stabilize. Cocoa prices surged due to supply issues in the Ivory Coast and Ghana, but investments in agriculture could lower prices and improve Hershey's margins. Despite strong recent earnings, Hershey's outlook for 2025 is weak, with expected revenue growth of 2% and a sharp decline in earnings per share.
Shares of Hershey (HSY 0.88%) have fallen roughly 40% from their peak in 2023. The big problem for the confection maker is a steep rise in the price of cocoa, a key ingredient in its chocolates.
So far this year, the S&P 500 index has dropped 19% from its highs. While I typically view these sell-offs as an opportunity to add up on some of my best-performing growth stocks (such as The Trade Desk or Wingstop ), one of my favorite dividend stocks has also fallen through the cracks.
Coca-Cola (KO 2.24%) is a very well-run company, highlighted by its status as a Dividend King. But it is also expensive, with its price-to-sales (P/S) and price-to-earnings (P/E) ratios both above their five-year averages and its dividend yield near decade lows.
HSY's LesserEvil acquisition strengthens its better-for-you snack portfolio to meet evolving consumer preferences.
In the most recent trading session, Hershey (HSY) closed at $166.83, indicating a +1.76% shift from the previous trading day.
Hershey (HSY) reachead $169.62 at the closing of the latest trading day, reflecting a -0.82% change compared to its last close.
Hershey (HSY) reachead $168.01 at the closing of the latest trading day, reflecting a +0.5% change compared to its last close.