The Hershey Company (HSY) is reporting Q4 earnings on Tuesday, January 27 before the market opens, with a conference call scheduled for 8:30 am EST.
Analysts are expecting EPS of 54c on revenue of $1.38B. The consensus range is 50c-55c for EPS and $1.33B-$1.41B for revenue, according to First Call.
On October 16, 2008, when Hershey reported mixed Q3 results, it gave FY08 guidance, saying it saw FY08 EPS at the lower end of the $1.85-$1.90 range, and FY08 net sales growth of 3%-4%. The consensus estimate for FY08 is now at $1.84. The company added that it saw FY09 net sales growth of 2%-3%, and FY09 EPS from operations to increase, but below its long-term objective of 6%-8% growth.
On January 22, Citigroup upgraded shares of Hershey to Buy from Hold because it believes the company is benefiting from increased advertising spending and the consumer trade-down to less expensive chocolate. The firm maintained a $39 target on the stock