Hershey Investors Are Bullish Ahead Of Q1 Earnings, But Chocolate Inflation Concerns Analysts
Portfolio Pulse from Surbhi Jain
Hershey Co (HSY) is set to report Q1 earnings with expectations of $2.76 EPS and $3.112 billion in revenues. Despite a 30% decline over the past year, the stock is up 4.44% YTD. Hershey's ability to manage cocoa price inflation positions it well against competitors, potentially benefiting from expanded margins if cocoa prices revert. Technical analysis shows a bullish trend for HSY stock, despite some indicators suggesting potential overbought conditions. Analyst consensus rates HSY as Neutral with a price target suggesting a slight downside.
May 02, 2024 | 9:05 pm
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Hershey Co is expected to report strong Q1 earnings. Despite past year's decline, its stock shows bullish trends and technical analysis suggests continued buying pressure. Analyst consensus is Neutral with a slight downside in price target.
Hershey's expected strong Q1 earnings and its strategic position in managing cocoa price inflation could attract investor interest, despite a Neutral analyst consensus. The bullish technical indicators suggest potential for stock price appreciation in the short term, although caution is advised due to the slight downside projected by analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100