Analysts Have Made A Financial Statement On Mondelez International, Inc.'s (NASDAQ:MDLZ) Annual Report

As you might know, Mondelez International, Inc. (NASDAQ:MDLZ) recently reported its annual numbers. Mondelez International reported in line with analyst predictions, delivering revenues of US$36b and statutory earnings per share of US$3.62, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Mondelez International

Taking into account the latest results, the consensus forecast from Mondelez International's 17 analysts is for revenues of US$37.3b in 2024. This reflects a reasonable 3.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to decrease 3.2% to US$3.53 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$37.5b and earnings per share (EPS) of US$3.57 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$82.22. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Mondelez International analyst has a price target of US$88.00 per share, while the most pessimistic values it at US$73.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Mondelez International is an easy business to forecast or the the analysts are all using similar assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Mondelez International's revenue growth is expected to slow, with the forecast 3.5% annualised growth rate until the end of 2024 being well below the historical 7.1% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 2.4% per year. Even after the forecast slowdown in growth, it seems obvious that Mondelez International is also expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Mondelez International analysts - going out to 2026, and you can see them free on our platform here.

Even so, be aware that Mondelez International is showing 1 warning sign in our investment analysis , you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.