HSY - Hershey Investors Are Bullish Ahead Of Q1 Earnings But Chocolate Inflation Concerns Analysts | Benzinga
The Hershey Co (NYSE:HSY) will be reporting its first-quarter earnings on Friday. Wall Street expects $2.76 in EPS and $3.112 billion in revenues as the company reports before market hours.
The stock is down about 30% over the past year, +4.44% YTD.
Hershey’s scale and experience position it well to manage the cocoa crisis better than smaller competitors. While chocolate inflation rises, Hershey’s lower cocoa content and pricing could attract consumers.
If cocoa prices revert, Hershey could benefit with expanded margins. However, the full impact on Hershey remains uncertain.
Related: Bad News Chocolate And Coffee Lovers – Prices Are Only Going Higher
Let’s look at what the charts indicate for Hershey stock, and how the stock currently maps against Wall Street estimates.
Hershey’s Stock Chart Bullish Ahead Of Q1 Earnings
Hershey’s stock shows a strongly bullish trend, with its share price above its 5, 20, and 50-day ...