Earnings Preview For Hershey
Portfolio Pulse from Benzinga Insights
Hershey (NYSE:HSY) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $1.95. The company's past performance shows mixed results with both beats and misses on EPS estimates, leading to varied stock price reactions. Shares have declined 16.82% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 07, 2024 | 3:01 pm
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NEUTRAL IMPACT
Hershey is expected to report an EPS of $1.95 for the upcoming quarter. Historical performance shows variability in stock price reactions post-earnings, with a general 16.82% decline over the past year indicating bearish sentiment.
Given Hershey's mixed historical earnings performance and the overall 16.82% decline in stock price over the past year, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings beat and guidance could provide a boost, the bearish sentiment among long-term shareholders may temper any significant positive movement. The score is neutral due to these conflicting indicators.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100