Hershey HSY reported its Q3 earnings results on Friday, November 4, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Hershey beat estimated earnings by 3.33%, reporting an EPS of $2.17 versus an estimate of $2.1.
Revenue was up $368.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 1.65% increase in the share price the next day.
Here's a look at Hershey's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 1.68 | 2.10 | 1.61 | 1.99 |
EPS Actual | 1.80 | 2.53 | 1.69 | 2.10 |
Revenue Estimate | 2.22B | 2.48B | 2.26B | 2.30B |
Revenue Actual | 2.37B | 2.67B | 2.33B | 2.36B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Hershey management provided guidance for FY 2022, expecting earnings between $8.2 and $8.27 per share.
To track all earnings releases for Hershey visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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