Understanding Hershey's Recent Stock Movements and Insights
Examining Hershey's Stock Performance
Hershey (HSY) recently closed at $198.46, reflecting a slight decrease of -0.08% from the preceding trading day. This dip is notable when compared to the overall market, where the S&P 500 experienced a daily increase of 0.75%. The Dow also saw a favorable gain of 0.58%, and the tech-heavy Nasdaq rose by 1%.
Monthly Performance Trends
Over the last month, Hershey's stock has slipped by 0.99%. This performance is in stark contrast to the Consumer Staples sector, which gained 3.54%, as well as the S&P 500, reporting a growth of 4.03% during the same timeframe.
Upcoming Earnings Report Insights
Investors are keenly awaiting Hershey's upcoming earnings release. The projected earnings per share (EPS) is $2.78, reflecting a 6.92% increase compared to the previous year's quarter. Moreover, the anticipated revenue is estimated at $3.13 billion, which would mark a 3.39% rise from the same quarter last year.
Fiscal Year Projections
Looking ahead to the full fiscal year, estimates suggest that Hershey's earnings will reach $9.50 per share, with total revenue expected to hit $11.36 billion. These figures represent estimated changes of -0.94% and +1.78%, respectively, compared to last year.
Analyst Estimates and Trends
Another important factor for investors is the recent adjustments made to analyst estimates for Hershey. Changes in these estimates often indicate shifts in short-term business expectations. Positive revisions are often interpreted as reflecting a favorable outlook for the company's future performance.
The Zacks Rank System
Research has shown a correlation between these estimate revisions and short-term price momentum. To capitalize on this, the Zacks Rank system has been developed, which rates companies from #1 (Strong Buy) to #5 (Strong Sell). This system boasts a strong historical performance, with #1 rated stocks yielding an average annual return of +25% since 1988. Presently, Hershey holds a Zacks Rank of #4 (Sell), with the Consensus EPS estimate slipping by 0.11% over the last 30 days.
Valuation Metrics
When assessing its valuation, Hershey features a Forward P/E ratio of 20.91, which stands above its industry average of 19.09. This indicates that Hershey's stock is priced at a premium relative to its industry peers.
Understanding the PEG Ratio
Additionally, Hershey holds a PEG ratio of 5.77. The PEG ratio is a valuable metric, considering both the company's price-to-earnings ratio and its expected earnings growth rate. The average PEG ratio within the Food - Confectionery sector was 3.92 at the market close yesterday, indicating that Hershey's growth expectations may be priced higher than competitors.
Industry Overview
The Food - Confectionery industry, to which Hershey belongs, is part of the broader Consumer Staples sector. As of now, this industry ranks 234th on the Zacks Industry Rank, placing it within the bottom 8% of over 250 industries. This ranking illustrates the competitive pressures the sector is currently facing.
Perspective on Industry Performance
Research indicates that industries rated in the top 50% outperform those in the lower half by a significant factor, suggesting that Hershey may need to adjust its strategies to better compete within its industry.
Frequently Asked Questions
1. What is the current stock price of Hershey?
The current stock price of Hershey (HSY) is $198.46.
2. How has Hershey's stock performed recently?
Hershey's stock has decreased by 0.08% in the latest trading session and 0.99% over the past month.
3. What are the earnings projections for Hershey?
The earnings per share (EPS) is projected to be $2.78, with total revenue expected at $3.13 billion.
4. What does the Zacks Rank indicate for Hershey?
Hershey currently has a Zacks Rank of #4 (Sell), suggesting caution among analysts.
5. How does Hershey's PEG ratio compare to its industry?
Hershey's PEG ratio stands at 5.77, which is higher than the industry average of 3.92.
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