💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Hershey (HSY) Beats On Q3 Earnings & Revenue Estimates

Published 10/26/2017, 08:47 AM
Updated 07/09/2023, 06:31 AM
HSY
-

The Hershey Company (NYSE:HSY) is one of the largest chocolate manufacturers in North America marketing some of the world’s leading brands like Hershey’s, Reese’s and Kisses which enjoy widespread consumer acceptance.

Investors should note that earnings estimate for the current year has moved north by 0.2% in the last 30 days. HSY has an impressive earnings surprise history. The company has posted positive earnings surprise in all the past four quarters, with an average positive surprise of 10.35%.

Currently, HSY has a Zacks Rank #2 (Buy), but that could change following Hershey’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: HSY beats on earnings. The Zacks Consensus Estimate called for EPS of $1.28, and the company reported EPS of $1.33 instead.

Revenues: HSY reported revenues of $2.03 billion. This surpassed the Zacks Consensus Estimate of $2 billion.

Check back later for our full write up on this HSY earnings report later!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



Hershey Company (The) (HSY): Free Stock Analysis Report

Original post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.