Mondelez Q3 Earnings Coming Up: Is a Beat in Store for MDLZ Stock?

Core Insights - Mondelez International, Inc. (MDLZ) is expected to report revenue of $9.07 billion for Q3 2024, reflecting a 0.4% increase year-over-year, with earnings per share estimated at 84 cents, a 2.4% rise from the previous year [1][2] Group 1: Company Performance - Continuous reinvestments in brands and operational efficiency have positively impacted Mondelez's performance, particularly in core categories like chocolate, biscuits, and baked snacks [2][3] - The company has shown resilience in its core categories during economic downturns, as evidenced by strong loyalty and volume in Q2 2024 despite challenging market conditions [2][3] Group 2: Growth Opportunities - Mondelez is focusing on expanding its chocolate and biscuit categories, with estimated revenue growth of 2.5% and 0.4% respectively for Q3 [3] - The company is adapting to consumer preferences for lower-priced options, implementing strategies to counteract softness in certain brands like Chips Ahoy! [3] Group 3: Market Challenges - Mondelez faces challenges from rising input costs, inflation, and consumer uncertainties, particularly with high cocoa prices expected to impact the second half of 2024 [3] - The dynamic operating environment poses risks to the company's performance in the upcoming quarter [3] Group 4: Earnings Predictions - The company has a Zacks Rank of 3 and an Earnings ESP of +0.80%, indicating a favorable outlook for an earnings beat in the upcoming report [4]