Tyson Foods, Inc. (TSN - Free Report) offers a wide array of meat products and commands a strong presence in all beef, pork, chicken and processed food products categories.
Continuous product innovations and strong momentum in most of its business segments is driving sales of the company since past many quarters. With a general shift of demand among health conscious consumers from red meat to low-calorie chicken and processed chicken food items, Tyson's endeavor to offer low-calorie protein foods like Nature Raised Farms brand is encouraging. Due to this, investors are eagerly awaiting Tyson's earnings report.
Investors should also note the recent earnings estimate revisions for TSN, as the consensus estimate has been moving higher. Moreover, TSN has a mixed history in earnings season. Tyson has delivered positive surprise in three of the last four quarters, with negative surprises in the one of them, making for an average surprise of positive 8.54%.
Currently, Tyson Foods has a Zacks Rank #3 (Hold), but that could definitely change following Tyson's earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Tyson Foods beat on earnings. Our consensus called for EPS of $1.27, and the company reported EPS of $1.59 per share instead. Investors should note that these figures take out stock option expenses.
Revenue: Tyson Foods posted revenues of $9.18 billion. This beats our consensus estimate by $9.03 billion.
Key Stats to Note: Operating income increased 26.5% to $982.0 million.The company increased fiscal 2017 guidance to $4.90-$5.05, representing a 12% increase year over year. Previously the company expected earnings to be in the range of $4.7 to $4.85, up 7% to 10% year over year.
Check back later for our full write up on this TSN earnings report later!
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Tyson Foods, Inc. (TSN - Free Report) offers a wide array of meat products and commands a strong presence in all beef, pork, chicken and processed food products categories.
Continuous product innovations and strong momentum in most of its business segments is driving sales of the company since past many quarters. With a general shift of demand among health conscious consumers from red meat to low-calorie chicken and processed chicken food items, Tyson's endeavor to offer low-calorie protein foods like Nature Raised Farms brand is encouraging. Due to this, investors are eagerly awaiting Tyson's earnings report.
Investors should also note the recent earnings estimate revisions for TSN, as the consensus estimate has been moving higher. Moreover, TSN has a mixed history in earnings season. Tyson has delivered positive surprise in three of the last four quarters, with negative surprises in the one of them, making for an average surprise of positive 8.54%.
Currently, Tyson Foods has a Zacks Rank #3 (Hold), but that could definitely change following Tyson's earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Tyson Foods beat on earnings. Our consensus called for EPS of $1.27, and the company reported EPS of $1.59 per share instead. Investors should note that these figures take out stock option expenses.
Revenue: Tyson Foods posted revenues of $9.18 billion. This beats our consensus estimate by $9.03 billion.
Key Stats to Note: Operating income increased 26.5% to $982.0 million.The company increased fiscal 2017 guidance to $4.90-$5.05, representing a 12% increase year over year. Previously the company expected earnings to be in the range of $4.7 to $4.85, up 7% to 10% year over year.
Check back later for our full write up on this TSN earnings report later!
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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