Earnings Performance: Last week, 11 consumer staples companies reported quarterly results, with 9 out of 11 beating earnings expectations, while 2 had mixed results.
Company Highlights: Altria met earnings expectations but saw a revenue drop, Church & Dwight reported a revenue increase and improved outlook, while Colgate-Palmolive's lowered sales expectations overshadowed its profit beat.
Market Challenges: Mondelez International's CEO noted ongoing market challenges in Europe, indicating higher-than-expected elasticity and outlining strategies for innovation and advertising.
Upcoming Reports: Notable consumer staples companies set to report results in the upcoming week include Archer-Daniels-Midland, Bunge Global, Kenvue, and Molson Coors Beverage.
Wall Street analysts forecast XLP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLP 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.
0 Analyst Rating
Wall Street analysts forecast XLP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLP 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.
0 Buy
0 Hold
0 Sell
Current: 82.440
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Current: 82.440
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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.
