Mondelez's Earnings Trajectory Into 2027 to Be Key Focus Ahead of Q3 Results, UBS Says

02:45 PM EDT, 10/20/2026 (MT Newswires) -- Mondelez International's (MDLZ) upcoming Q3 earnings report is likely to draw investor focus toward management's confidence in its earnings trajectory into 2027, with the company to reiterate its fiscal 2026 outlook, UBS said in a note Tuesday. UBS expects Mondelez to report organic revenue growth in line with consensus for Q3, as well as earnings per share of $0.70. UBS forecasts fiscal 2026 EPS of $3.10, above consensus of $3.05, and fiscal 2027 EPS of $3.37, compared with consensus of $3.36. However, the brokerage said much of the company's fundamental improvement is reflected in investor expectations and that greater conviction in the pace and scale of earnings recovery next year may be needed to improve sentiment toward the stock. Mondelez is set to report Q3 results on Oct. 29. UBS maintained a neutral rating with a $68 price target. Price: 63.92, Change: +0.58, Percent Change: +0.92