It's been a good week for Mondelez International, Inc. (NASDAQ:MDLZ) shareholders, because the company has just released its latest second-quarter results, and the shares gained 5.0% to US$63.08. It looks like a credible result overall - although revenues of US$9.4b were what the analysts expected, Mondelez International surprised by delivering a (statutory) profit of US$1.20 per share, an impressive 83% above what was forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Following last week's earnings report, Mondelez International's 22 analysts are forecasting 2026 revenues to be US$40.1b, approximately in line with the last 12 months. Per-share earnings are expected to grow 14% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$39.9b and earnings per share (EPS) of US$2.83 in 2026. Although the revenue estimates have not really changed, we can see there's been a nice increase in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.

There's been no major changes to the consensus price target of US$69.13, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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$75.00 per share, while the most pessimistic values it at US$55.00. 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.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Mondelez International's revenue growth is expected to slow, with the forecast 2.1% annualised growth rate until the end of 2026 being well below the historical 7.0% p.a. growth over the last five years. Compare this to the 134 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 2.1% per year. So it's pretty clear that, while Mondelez International's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Mondelez International following these results. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$69.13, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Mondelez International going out to 2028, and you can see them free on our platform here..

You should always think about risks though.

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.