Packaged snacks company Mondelez (NASDAQ: MDLZ) will be reporting results this Tuesday afternoon. Here’s what to expect.

Mondelez met analysts’ revenue expectations last quarter, reporting revenues of $9.31 billion, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Mondelez a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Mondelez’s revenue to grow 6.2% year on year to $8.86 billion, a reversal from the 1.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 15 analysts). Mondelez has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Mondelez’s peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 4%, beating analysts’ expectations by 5.7%, and McCormick reported flat revenue, in line with consensus estimates. Lamb Weston traded up 19.3% following the results while McCormick was also up 3.6%.

Read our full analysis of Lamb Weston’s results here and McCormick’s results here.

There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 5.3% on average over the last month. Mondelez is up 4.6% during the same time and is heading into earnings with an average analyst price target of $73.70 (compared to the current share price of $70.52).

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