Analysts at RBC Capital provided their outlook on Mondelez International, Inc. (NASDAQ:MDLZ) ahead of the company’s upcoming Q4 results, expecting organic sales growth of 8.3% year-over-year (vs. Street’s 10.6%) and EPS of $0.68 (vs. Street’s $0.70).
For fiscal 2023, the analysts expect the company to provide initial guidance in line with its long-term algorithm with solid top-line momentum in the US and international markets, excluding Europe. The analysts expect top-line growth guidance of 4-5% (vs. Street’s 6%). On the bottom line, the analysts are calling for EPS of $3.03, below the Street estimate of $3.11.