Earnings scoreboard: 10 out of 12 consumer staple stocks beat expectations
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Earnings Reports Overview: Last week, 12 consumer staples companies reported quarterly results, with 10 beating earnings expectations and 11 exceeding revenue estimates. Notable performers included Altria, Procter & Gamble, and Kimberly-Clark, while Kraft Heinz saw a slight revenue decline.
Future Outlook: The overall performance of the consumer staples sector remains strong, with approximately 83% of S&P 500 consumer staples companies surpassing EPS estimates this quarter. Upcoming reports from companies like Archer-Daniels-Midland and Tyson Foods are anticipated.
Analyst Views on VDC
Wall Street analysts forecast VDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VDC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 224.580
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
