Company Performance - Hershey's stock closed at 1.94 per share, reflecting a year-over-year decline of 36.81% [2] - Revenue is projected to be 6.10 per share, representing a decline of 34.9%, while revenue is projected at $11.42 billion, showing a slight increase of 1.99% from the previous year [3] Analyst Estimates and Rankings - Recent changes in analyst estimates for Hershey suggest a shifting business landscape, with positive revisions indicating optimism about the company's outlook [3][4] - The Zacks Rank system, which evaluates estimated changes, currently ranks Hershey at 3 (Hold) [5] Valuation Metrics - Hershey's Forward P/E ratio stands at 26.93, which is higher than the industry's average Forward P/E of 22.86 [6] - The company has a PEG ratio of 5.85, compared to the Food - Confectionery industry's average PEG ratio of 4.36 [6] Industry Context - The Food - Confectionery industry is part of the Consumer Staples sector, holding a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
Hershey (HSY) Beats Stock Market Upswing: What Investors Need to Know