The Hershey Company (NYSE:HSY) is reporting third quarter financial results on Friday 6th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, HSY is expected to report 3Q20 income of $ 1.72 per share from revenue of $ 2163.94 million.
For the full year, analysts anticipate top line of $ 7991.42 million, while looking forward to income of $ 6.03 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,146.00 million ~ $ 8,306.00 million, where as bottomline are predicted in a range of $ 6.13 ~ $ 6.24 per share
Click Here For More Historical Outlooks Of The Hershey Company
Previous Quarter Performance
The Hershey Company unwinded income for the second quarter of $ 1.31 per share, from the revenue of $ 1,707.00 million. The quarterly revenues down 3.41 percent compared with the same quarter last year. Wall street analysts are predicting, HSY to report 2Q20 income of $ 1.13 per share from revenue of $ 1741.05 million. The bottom line results beat street analysts by $ 0.18 or 15.93 percent, at the same time, top line results fell short of analysts by $ 34.05 million or 1.96 percent.
Stock Performance
Shares of The Hershey Company traded up $ 0.66 or 0.46 percent on Thursday, reaching $ 144.60 with volume of 903.20 thousand shares. The Hershey Company has traded high as $ 146.28 and has cracked $ 143.85 on the downward trend
According to the previous trading day, closing price of $ 144.60, representing a 31.00 % increase from the 52 week low of $ 109.88 and a 11.05 % decrease over the 52 week high of $ 161.83.
The company has a market capital of $ 30.08 billion and is part of the Consumer Defensive sector and Confectioners industry.
Recent Analyst recommendations
- On 19th October 2020, initiated by Citigroup at Buy rating, with $ 172.00 target price.
- On 29th September 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 163.00 target price.
Conference Call
The Hershey Company will be hosting a conference call at 8:30 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thehersheycompany.com
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
