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Hormel (HRL) Beats on Q4 Fiscal 2017 Earnings & Revenues
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Minnesota, Austin-based Hormel Foods Corporation (HRL - Free Report) is a prominent meat products firm, conducting trade in the global consumer goods sector. The company sells superior-branded high-quality convenient, nutritious and flavorful edible products to its global customers.
Currently, HRL has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 2017 (ended October, 2017) earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: HRL beat on earnings. Adjusted earnings per share came in at 41 cents per share, a penny higher than the Zacks Consensus Estimate.
Revenue: Revenues of $2,492.6 million came above the Zacks Consensus Estimate of $2,394 million.
Key Stats: HRL intends to boost its near-term profitability on the back of latest acquisitions and new product launches. The company declared that it has merged its Specialty Foods segment into Grocery Products segment, on the wake of driving revenue growth and securing increased cost savings going forward. HRL anticipate to generate revenues within $9.40-$9.80 billion on fiscal 2018. While full-year fiscal 2018 earnings are anticipated to lie within $1.60-$1.70 per share.
Stock Price: As of Nov 20, 2017, HRL’s closed the trading session at $33.40 per share.
Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this HRL earnings report later!
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Hormel (HRL) Beats on Q4 Fiscal 2017 Earnings & Revenues
Minnesota, Austin-based Hormel Foods Corporation (HRL - Free Report) is a prominent meat products firm, conducting trade in the global consumer goods sector. The company sells superior-branded high-quality convenient, nutritious and flavorful edible products to its global customers.
Currently, HRL has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 2017 (ended October, 2017) earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: HRL beat on earnings. Adjusted earnings per share came in at 41 cents per share, a penny higher than the Zacks Consensus Estimate.
Revenue: Revenues of $2,492.6 million came above the Zacks Consensus Estimate of $2,394 million.
Key Stats: HRL intends to boost its near-term profitability on the back of latest acquisitions and new product launches. The company declared that it has merged its Specialty Foods segment into Grocery Products segment, on the wake of driving revenue growth and securing increased cost savings going forward. HRL anticipate to generate revenues within $9.40-$9.80 billion on fiscal 2018. While full-year fiscal 2018 earnings are anticipated to lie within $1.60-$1.70 per share.
Stock Price: As of Nov 20, 2017, HRL’s closed the trading session at $33.40 per share.
Hormel Foods Corporation Price
Hormel Foods Corporation Price | Hormel Foods Corporation Quote
Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this HRL earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy).
You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>