Analysts’ sales estimate

Analysts expect Mondelēz (MDLZ) to post revenue of $6.6 billion in the first quarter of 2019, a YoY (year-over-year) fall of 3.2%. Mondelēz’s net sales are expected to benefit from increased pricing and volume growth in emerging markets. However, currency volatility is likely to drag its sales down.

In comparison, analysts expect the Hershey Company’s (HSY) top line to improve on a YoY basis driven by higher pricing, distribution gains, and innovations. However, SKU rationalization and currency volatility are expected to hurt its net sales growth.

Mondelēz: Analysts’ Estimates for the First Quarter

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Analysts’ earnings estimate

Wall Street expects Mondelēz to post adjusted EPS of $0.61, which implies a YoY decline of 1.6%. These projected EPS also represent a steep slowdown on a sequential basis. Mondelēz’s bottom line rose at a double-digit rate in 2018.

Adverse currency rates, planned investments, and higher interest expenses are likely to hurt Mondelēz’s first-quarter EPS. However, lower input costs, productivity savings, and share repurchases are expected to support its bottom line.

In comparison, higher interest expenses are expected to pressure the bottom lines of General Mills (GIS), Conagra Brands (CAG), and the J.M. Smucker Company (SJM). Meanwhile, higher logistics costs are expected to pressure MDLZ’s earnings further.

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