Mondelez Earnings: What To Look For From MDLZ

Anthony Lee /
2024/01/29 2:01 am EST

Packaged snacks company Mondelez (NASDAQ:MDLZ) will be reporting results tomorrow after the bell. Here's what you need to know.

Last quarter Mondelez reported revenues of $9.03 billion, up 16.3% year on year, beating analyst revenue expectations by 2.5%. It was a strong quarter for the company, with a decent beat of analysts' revenue estimates.

Is Mondelez buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Mondelez's revenue to grow 6.9% year on year to $9.30 billion, slowing down from the 13.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.

Mondelez Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing six upward and three downward revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 4.5%.

Looking at Mondelez's peers in the packaged food segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Lamb Weston delivered top-line growth of 35.7% year on year, beating analyst estimates by 1.9% and General Mills reported revenue decline of 1.6% year on year, missing analyst estimates by 4.1%. Lamb Weston traded down 1.4% on the results, and General Mills was down 1%.

Read our full analysis of Lamb Weston's results here and General Mills's results here.

Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the packaged food stocks have fared somewhat better, they have not been spared, with share price declining 2.6% over the last month. Mondelez is up 1.4% during the same time, and is heading into the earnings with analyst price target of $81.1, compared to share price of $74.8.

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The author has no position in any of the stocks mentioned.