Wall Street analyst estimates for The Hershey Company (HSY): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
The Hershey Company, operating with its various subsidiaries, serves as a key manufacturer and distributor of both sweet confections and general household pantry items. Its market reach extends across the United States and globally. The enterprise strategically divides its operations into three main business segments: North America Confectionery, North America Salty Snacks, and an International division. Its extensive product catalog features a wide array of offerings.
Consensus price target
$203.69 (+27 % vs price $160.28)
between $178.00 and $240.00 · 10 targets published in the last quarter
Closing price, Oct 29
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $12.3B | $12.2B – $12.3B | $8.48 | 13 |
| 2027E | $12.6B | $12.5B – $12.7B | $9.85 | 13 |
| 2028E | $12.9B | $12.7B – $13.1B | $10.46 | 8 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 9 |
| Hold | 23 |
| Sell | 3 |
| Strong Sell | 0 |
| Total analysts | 35 |
| Avg rating (−2 sell to +2 buy) | 0.17 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-29 | $2.11 | ||
| 2026-07-30 | $1.90 | $1.43 | +32.9% |
| 2026-04-30 | $2.35 | $2.04 | +15.2% |
| 2026-02-05 | $1.71 | $1.40 | +22.1% |
| 2025-10-30 | $1.30 | $1.07 | +21.5% |
| 2025-07-30 | $1.21 | $0.99 | +21.9% |
| 2025-05-01 | $2.09 | $1.94 | +7.7% |
| 2025-02-06 | $2.69 | $2.40 | +12.1% |
Valuation Ratios
| P/E Ratio | 21.90 |
| Price / Book | 7.13 |
| EV / EBITDA | 14.43 |
| Dividend Yield | 3.50% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.44B | $7.52B | $7.79B | $7.99B | $8.15B | $8.97B | $10.42B | $11.16B | $11.20B | $11.69B |
| Cost of Revenue | $4.27B | $4.06B | $4.22B | $4.36B | $4.45B | $4.92B | $5.92B | $6.17B | $5.90B | $7.80B |
| Gross Profit | $3.17B | $3.46B | $3.58B | $3.62B | $3.70B | $4.05B | $4.50B | $5.00B | $5.30B | $3.89B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.89B | $1.89B | $1.87B | $1.91B | $1.89B | $2.00B | $2.24B | $2.44B | $2.26B | $2.45B |
| Operating Expenses | $1.91B | $2.14B | $1.95B | $2.03B | $1.92B | $2.00B | $2.24B | $2.44B | $2.40B | $2.47B |
| Operating Income | $1.21B | $1.31B | $1.62B | $1.60B | $1.78B | $2.04B | $2.26B | $2.56B | $2.90B | $1.42B |
| EBITDA | $1.49B | $1.47B | $1.85B | $1.82B | $1.94B | $2.24B | $2.44B | $2.75B | $3.10B | $1.95B |
| Interest Expense | $91.9M | $100.1M | $146.9M | $152.1M | $153.5M | $129.8M | $140.1M | $161.5M | $174.3M | $207.4M |
| Pre-tax Income | $1.10B | $1.11B | $1.41B | $1.38B | $1.49B | $1.80B | $1.92B | $2.17B | $2.47B | $1.21B |
| Income Tax | $379.4M | $354.1M | $239.0M | $234.0M | $219.6M | $314.4M | $272.3M | $310.1M | $252.7M | $330.9M |
| Net Income | $720.0M | $783.0M | $1.18B | $1.15B | $1.28B | $1.48B | $1.64B | $1.86B | $2.22B | $883.3M |
| EPS | $3.45 | $3.79 | $5.61 | $5.49 | $6.13 | $7.15 | $8.00 | $9.09 | $10.97 | $4.34 |
| EPS (Diluted) | $3.34 | $3.66 | $5.58 | $5.46 | $6.11 | $7.11 | $7.96 | $9.06 | $10.94 | $4.34 |
| Shares Outstanding (Diluted) | 215.3 M | 213.7 M | 211.0 M | 210.7 M | 209.4 M | 207.8 M | 206.6 M | 205.5 M | 203.5 M | 203.3 M |
Price
| Price | $160.28 (closing price, October 29, 2026) |
| Market Cap | $32.2B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Consumer Defensive · Food Confectioners
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