Hershey (HSY) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Hershey's stock closed at $166.83, increasing by 1.76% from the previous session, outperforming the S&P 500's decline of 4.84% [1] - The stock has decreased by 7.39% over the past month, underperforming the Consumer Staples sector's gain of 5.4% and the S&P 500's loss of 4.7% [1] Upcoming Earnings - Hershey is expected to report an EPS of$ 1.96, reflecting a 36.16% decrease from the same quarter last year [2] - The consensus estimate for quarterly revenue is $2.83 billion, down 13.09% from the previous year [2] Fiscal Year Estimates - For the fiscal year, earnings are projected at$ 6.10 per share, a decline of 34.9%, while revenue is expected to be $11.42 billion, indicating a 1.93% increase from the prior year [3] - Recent changes in analyst estimates suggest evolving short-term business trends, with positive revisions indicating confidence in the company's performance [3] Valuation Metrics - Hershey's Forward P/E ratio stands at 26.86, which is higher than the industry average of 22.48 [6] - The company has a PEG ratio of 5.83, compared to the Food - Confectionery industry's average PEG ratio of 4.32 [7] Industry Context - The Food - Confectionery industry is part of the Consumer Staples sector and currently holds a Zacks Industry Rank of 216, placing it in the bottom 13% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]