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Here's What Key Metrics Tell Us About Mondelez (MDLZ) Q2 Earnings
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Mondelez (MDLZ - Free Report) reported $8.34 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.9%. EPS of $0.86 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $8.39 billion, representing a surprise of -0.59%. The company delivered an EPS surprise of +10.26%, with the consensus EPS estimate being $0.78.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America
: $2.65 billion versus the four-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of -3.4%.
Geographic Revenue- Europe
: $2.87 billion versus $2.92 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
Geographic Revenue- AMEA
: $1.59 billion versus the four-analyst average estimate of $1.59 billion. The reported number represents a year-over-year change of -1.4%.
Geographic Revenue- Latin America
: $1.23 billion versus $1.20 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
Shares of Mondelez have returned +2.9% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Mondelez (MDLZ) Q2 Earnings
Mondelez (MDLZ - Free Report) reported $8.34 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.9%. EPS of $0.86 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $8.39 billion, representing a surprise of -0.59%. The company delivered an EPS surprise of +10.26%, with the consensus EPS estimate being $0.78.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Mondelez here>>>Geographic Revenue- North America
: $2.65 billion versus the four-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of -3.4%.Geographic Revenue- Europe
: $2.87 billion versus $2.92 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.Geographic Revenue- AMEA
: $1.59 billion versus the four-analyst average estimate of $1.59 billion. The reported number represents a year-over-year change of -1.4%.Geographic Revenue- Latin America
: $1.23 billion versus $1.20 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.Shares of Mondelez have returned +2.9% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.