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Mondelez (MDLZ) Beats on Q3 Earnings, Misses on Revenues

Mondelez International, Inc.MDLZ is a global snacks powerhouse with brands spanning across five fast-growing snacks categories - biscuits, chocolate, gum and candy, beverages and cheese & grocery. Its portfolio includes popular names like Oreo, Nabisco and LU biscuits; Milka, Cadbury Dairy Milk and Cadbury chocolates; Trident gum; and Tang powdered beverage.

Investors should note that earnings estimate for MDLZ has remained stable for the past 30days. The global snacks company has posted positive earnings surprise in three of the past four quarters, with an average positive surprise of 7.89%.

Currently, MDLZ has a Zacks Rank #3 (Hold), but that could definitely change following Mondelez' earnings report which was just released.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

MONDELEZ INTL Price and EPS Surprise

MONDELEZ INTL Price and EPS Surprise | MONDELEZ INTL Quote

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: MDLZ beats on earnings. Our consensus earnings estimate called for EPS of 43 cents/share, and the company reported EPS of 52 cents instead. Investors should note that these figures take out stock option expenses.

Revenues: MDLZ reported revenues of $6.39 billion. which missed our consensus estimate of $6.46 billion.

Key Stats to Note: Organic revenues grew 1.1%, driven by continued improvement in overall volume/mix trends and pricing to recover currency-driven input costs in inflationary markets.

Check back later for our full write up on this MDLZ earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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