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Consumer Goods | Confectioners | USA
Hershey's earnings miss overshadows strong forecast

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Hershey's net sales rose 2.5 percent to $1.99 billion in the quarter ended Dec. 31, but narrowly missed the average analyst estimate of $2 billion, weighed down by a 0.8 percent cut in average price aimed at boosting volumes.

Net income attributable to the company surged to $336.8 million, or $1.60 per share, in the quarter, from $181.1 million, or 85 cents per share, a year earlier.

Excluding items, Hershey earned $1.26 per share, missing analysts' estimate by one cent.

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Hershey forecast full-year adjusted profit to be in the range of $5.63 per share to $5.74 per share, the mid-point of which at $5.69 is above analysts' estimate of $5.65 per share, according to IBES data from Refinitiv.

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https://finance.yahoo.com/news/hersheys-...57794.html

Hershey (HSY) Beats Q4 Earnings and Revenue Estimates

Hershey (HSY) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 3.23%. A quarter ago, it was expected that this chocolate bar and candy maker would post earnings of $1.61 per share when it actually produced earnings of $1.61, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Hershey, which belongs to the Zacks Food - Confectionery industry, posted revenues of $2.07 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $1.99 billion.


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https://finance.yahoo.com/news/hershey-h...01396.html