Hershey Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Hershey (NYSE:HSY) is expected to report lower Q1 earnings at $2.76 per share compared to $2.96 last year, with revenue projected at $3.11 billion up from $2.99 billion. The company previously raised its quarterly dividend after mixed Q4 results. Analysts have adjusted their ratings and price targets, with changes including downgrades and both increases and decreases in price targets.
May 03, 2024 | 4:52 am
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Hershey is anticipated to report lower Q1 earnings per share but with an increase in revenue. Recent analyst adjustments include ratings and price target changes.
The anticipation of lower earnings per share (EPS) could pressure Hershey's stock in the short term, but the projected increase in revenue and recent dividend raise may offset negative sentiment. Analyst ratings and price target changes reflect a mixed outlook, suggesting uncertainty about the stock's direction in the immediate future.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100