DA Davidson Has Pessimistic Outlook of Hershey Q3 Earnings

Oct 25, 2024 · The Hershey Company (NYSE:HSY - Free Report) - Equities research analysts at DA Davidson cut their Q3 2024 earnings per share (EPS) estimates for Hershey in a research report issued to clients and investors on Thursday, October 24th.DA Davidson analyst B. …

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DA Davidson Issues Pessimistic Estimate For Hershey Earnings

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3 days ago · The consensus estimate for Hershey’s current full-year earnings is $9.06 per share. DA Davidson also issued estimates for Hershey’s Q4 2024 earnings at $2.39 EPS. Several …

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DA Davidson Issues Pessimistic Estimate For Hershey Earnings

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3 days ago · The consensus estimate for Hershey’s current full-year earnings is $9.06 per share. DA Davidson also issued estimates for Hershey’s Q4 2024 earnings at $2.39 EPS. HSY has …

americanbankingnews.com

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DA Davidson Issues Pessimistic Forecast For Hershey Earnings

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Oct 26, 2024 · DA Davidson also issued estimates for Hershey’s FY2024 earnings at $9.38 EPS and FY2025 earnings at $9.11 EPS. Several other equities analysts have also commented on …

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Hershey Shares Dip 3% As Q3 Earnings Miss, Full-Year Outlook …

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Nov 8, 2024 · GuruFocus has detected 4 Warning Sign with HSY. Hershey Shares Dip 3% as Q3 Earnings Miss, Full-Year Outlook Revised Downward. The combined net sales for Q3 2024 …

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Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; …

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Nov 7, 2024 · Hershey's Q3 earnings missed expectations, with sales down 1.4% and a 460 basis point drop in adjusted gross margin. Hershey cuts FY24 earnings forecast to $9.00-$9.10 per …

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Hershey’s Q3 2024: Sales And Earnings Decline - Markets Insider

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Nov 8, 2024 · Hershey’s consolidated net sales for the quarter dipped by 1.4% to $2,987.5 million, with a reported net income decrease of 12.7% to $446.3 million. Adjusted earnings per share …

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Hershey’s Hold Rating: Navigating Competitive Challenges And …

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Nov 8, 2024 · Hershey’s Q3 2024: Sales and Earnings Decline Morning Movers: Under Armour and Lyft soar following earnings Hershey cuts FY24 adjusted EPS view to $9.00-$9.10 from …

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Hershey Stock: Analyst Estimates & Ratings - MSN

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Shares of Hershey fell 2.3% on Nov. 7 due to disappointing Q3 2024 results, with weaker-than-expected earnings of $2.34 per share and net sales of around $3 billion. High cocoa prices, …

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Hershey Stock: Analyst Estimates & Ratings - Inkl

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2 days ago · On Nov. 11, DA Davidson reduced Hershey's price target to $187 and kept a “Neutral” rating, citing mounting threats to market share. The firm highlighted competition from …

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Hershey Stock: Analyst Estimates & Ratings — TradingView News

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1 day ago · On Nov. 11, DA Davidson reduced Hershey's price target to $187 and kept a “Neutral” rating, citing mounting threats to market share. The firm highlighted competition from emerging …

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DA Davidson Brokers Decrease Earnings Estimates For Hershey

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4 days ago · DA Davidson analyst B. Holland now anticipates that the company will earn $8.02 per share for the year, down from their prior estimate of $9.11. The consensus estimate for …

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FAQs about DA Davidson Has Pessimistic Outlook of Hershey Q3 Earnings Coupon?

Why did Hershey Co (HSY) stock drop 3% in Q3 2024?

The Hershey Co (HSY, Financial) shares declined by 3% after the company released Q3 2024 earnings results and full-year guidance, cutting both its earnings and forecast. The company identified historically high cocoa prices and an unfavorable consumer climate as the main threats. Warning! GuruFocus has detected 4 Warning Sign with HSY. ...

How much did Hershey co earn in the third quarter?

The company's earnings came in at $446.30 million, or $2.20 per share. This compares with $518.58 million, or $2.52 per share, in last year's third quarter. Excluding items, Hershey Co. reported adjusted earnings of $474.24 million or $2.34 per share for the period. ...

How did Hershey perform in the third-quarter 2024 financial report?

In its third-quarter 2024 financial report, Hershey highlighted a slight decline in net sales and earnings, prompted by high cocoa prices and a challenging consumer environment. Despite these setbacks, the company is actively pursuing strategies to enhance brand strength and market share. ...

Why did da Davidson reduce Hershey's price target?

On Nov. 11, DA Davidson reduced Hershey's price target to $187 and kept a “Neutral” rating, citing mounting threats to market share. The firm highlighted competition from emerging players and GLP-1 adoption as potential long-term challenges. The mean price target of $181.95 represents a premium of only 2.8% to HSY’s current levels. ...

How did Hershey Co (HSY) perform in third quarter?

(RTTNews) - Hershey Co. (HSY) released earnings for third quarter that decreased from last year and missed the Street estimates. The company's earnings came in at $446.30 million, or $2.20 per share. This compares with $518.58 million, or $2.52 per share, in last year's third quarter. ...

Why did Hershey change its forecast for 2024?

In response to sustained economic challenges, Hershey has readjusted its projected full-year results for 2024. It now expects 0% net sales growth this year instead of the earlier forecast of 2%. The target for this year's reported earnings per share was also lowered from a decline of 3%-1% to a range between 9% and 6% down. ...