The upcoming report from Tyson Foods (TSN - Free Report) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 50.6% compared to the year-ago period. Analysts forecast revenues of $13.46 billion, representing an increase of 1.5% year over year.
The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Tyson metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Sales- Chicken' should come in at $4.26 billion. The estimate indicates a change of 0% from the prior-year quarter.
The average prediction of analysts places 'Sales- Beef' at $5.05 billion. The estimate suggests a change of +6.8% year over year.
Analysts expect 'Sales- International/Other' to come in at $650.25 million. The estimate points to a change of +6.3% from the year-ago quarter.
Analysts' assessment points toward 'Sales- Prepared Foods' reaching $2.46 billion. The estimate indicates a year-over-year change of -3.3%.
The consensus estimate for 'Sales- Pork' stands at $1.45 billion. The estimate points to a change of -5.2% from the year-ago quarter.
View all Key Company Metrics for Tyson here>>>
Over the past month, Tyson shares have recorded returns of -0.9% versus the Zacks S&P 500 composite's +3.3% change. Based on its Zacks Rank #1 (Strong Buy), TSN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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The upcoming report from Tyson Foods (TSN - Free Report) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 50.6% compared to the year-ago period. Analysts forecast revenues of $13.46 billion, representing an increase of 1.5% year over year.
The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Tyson metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Sales- Chicken' should come in at $4.26 billion. The estimate indicates a change of 0% from the prior-year quarter.
The average prediction of analysts places 'Sales- Beef' at $5.05 billion. The estimate suggests a change of +6.8% year over year.
Analysts expect 'Sales- International/Other' to come in at $650.25 million. The estimate points to a change of +6.3% from the year-ago quarter.
Analysts' assessment points toward 'Sales- Prepared Foods' reaching $2.46 billion. The estimate indicates a year-over-year change of -3.3%.
The consensus estimate for 'Sales- Pork' stands at $1.45 billion. The estimate points to a change of -5.2% from the year-ago quarter.
View all Key Company Metrics for Tyson here>>>
Over the past month, Tyson shares have recorded returns of -0.9% versus the Zacks S&P 500 composite's +3.3% change. Based on its Zacks Rank #1 (Strong Buy), TSN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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