Tim Hortons Inc.'s (THI) estimates continue to climb following its latest earnings report.

Rising Consensus

Since Alex wrote about the donut shop a few weeks ago, it has seen 2 upward revisions for both this year and the next. The Zacks Consensus Estimate is up a penny for both periods to $1.67 and $1.86, respectively.

These levels are good enough for year-over-year growth of 8% and 11%.

Expanding

Tim Hortons opened 25 new stores during the last quarter. The U.S. has 10 new locations and Canada has the remaining 15. Additionally, the company announced plans to increase its foothold in New York City, with 12 new locations.

You may also start to see stores co-branded with Cold Stone Creamery, 39 of which were added during the quarter.

The Chart

As you can see below, the consensus estimates are making a comeback after sliding during the recession. Fortunately, shares have a lot of room

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Hershey Co. (HSY) is seeing higher Zacks Consensus Estimates ahead of reporting later this month. The full-year earnings forecast of $2.07 per share was increased from $1.99 over the past 90 days.

Company Description

Hershey Co. is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and more than 12,000 employees. With revenues of more than $5 billion.

Bullish Forecasts

The company is seeing higher Zacks Consensus Estimates ahead of reporting later this month. The full-year earnings forecast of $2.07 per share was increased from $1.99 over the past 90 days.

For 2010, analysts polled by Zacks are calling for earnings of $2.23 per share, versus the 3 months-ago level of $2.11.

Third-quarter projections of 67 cents per share are up a penny over the past 3 months.

Results for the third quarter

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Hershey Co.’s (HSY) share price has moved into oversold territory with a stochastic value of 6.48. The Zacks #1 Rank (“Strong Buy") stock has topped the Zacks Consensus Estimate in 3 of last 4 quarters with an average surprise of 10.69%, or 4 cents per share. The full-year Zacks Consensus Estimate has climbed 7 cents over the past month to $2.06 per share."HSY" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

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Hershey Co. (HSY) rose slightly at noon and was trading above its 200-day moving average of $36.13. The consensus estimate on the company's full-year earnings has gone up by a penny to $1.98 per share in the past week. Hershey is a Zacks#2 Rank ("Buy") stock.

Zacks Investment Research

Hershey Co.'s (HSY) first-quarter earnings were ahead of the consensus thanks to a longer Easter sales season. Results were also boosted by a recent price hike.

The candy maker earned 38 cents per share, excluding costs, while analysts were expecting 35 cents. Sales for the quarter increased 6.5% to almost $1.24 billion.

Hershey retained its full-year net sales growth of 2% to 3%. However, the company stated that EPS would increase less than its long-term target of 6% to 8%.

The current-year average earnings estimate remains static at $1.97 per share, up from the 2 month-ago level of $1.96.

This afternoon, Hershey's share price advanced more than 4.3% on higher-than-usual volume. Over 1.9 million shares changed hands today, compared to the daily average volume of 1.3 million.

Hershey is a Zacks #3 Rank ("Hold").

"HSY" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research...

Hershey Co.(HSY) advanced slightly at noon to trade close to its 200-day moving average of $35.97. HSY is a Zacks#1 Rank (“Strong buy”) stock. The average forecast on the company's full-year profit has gone up a penny to $1.97 per share in the last week.

Zacks Investment Research