We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Factors to Note as Tyson Foods (TSN) Queues Up for Q2 Earnings
Read MoreHide Full Article
Tyson Foods, Inc. (TSN - Free Report) is likely to witness year-over-year growth in its top and bottom lines when it reports second-quarter fiscal 2022 earnings on May 9. The Zacks Consensus Estimate for revenues is pegged at $12,432 million, suggesting a rise of 10.1% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings has declined 3.7% over the past 30 days to $1.84 per share. This indicates an increase of 37.3% from the figure reported in the prior-year period. Tyson Foods has a trailing four-quarter earnings surprise of 32.2%, on average. This renowned meat products company delivered an earnings surprise of around 51.1% in the last reported quarter.
Tyson Foods, Inc. Price, Consensus and EPS Surprise
Tyson Foods has been gaining on strategic growth efforts, including a focus on protein-packed brands and capacity expansion endeavors. The company has also been benefiting from robust demand in its retail core business lines. Apart from this, the continued recovery in the foodservice channel is a driver. Another area of focus for TSN has been its e-commerce, as consumers are shifting to online shopping, especially amid the pandemic. Tyson Foods is benefiting from its brand strength, innovations, robust geographical reach and ability to leverage its manufacturing capabilities and cater to the evolving global demand.
However, Tyson Foods has been battling escalated cost inflation for a while. On its last quarterly earnings call, management highlighted that it witnessed inflation across the business in areas, such as labor, grain costs, live cattle, hog costs and freight costs. The persistence of such high costs, along with a challenging labor environment, might have hurt Tyson Foods’ performance.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Tyson Foods this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Tyson Foods currently has a Zacks Rank #3 and an Earnings ESP of -9.54%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Hormel Foods (HRL - Free Report) has an Earnings ESP of +1.29% and a Zacks Rank #3. The company is expected to register top and bottom-line growth when it reports second-quarter fiscal 2022 results. The consensus mark for Hormel Foods’ revenues is pegged at nearly $3 billion, indicating an increase of 15.1% from the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hormel Foods’ quarterly earnings per share of 46 cents suggests a rise of 9.5% from the year-ago quarter’s reported figure. HRL has a trailing four-quarter earnings surprise of 1.7%, on average.
US Foods (USFD - Free Report) has an Earnings ESP of +19.32% and a Zacks Rank #3. The company is expected to register top and bottom-line growth when it reports first-quarter 2022 results.
The Zacks Consensus Estimate for US Foods’ bottom line stands at 29 cents per share, which suggests a rise of 141.7% from the year-ago period’s reported figure. USFD has a trailing four-quarter earnings surprise of 33.6%, on average.
Celsius Holdings (CELH - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank #3. It is anticipated to register a top and bottom-line increase when it reports first-quarter 2022 results. The Zacks Consensus Estimate for Celsius Holdings’ revenues is pegged at $117.6 million, indicating growth of 135.1% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Celsius Holdings’ quarterly earnings is pegged at 3 cents per share, suggesting a rise of 200% from the year-ago quarter’s reported figure. CELH delivered an earnings beat of 156.3%, on average, in the trailing four quarters.
Image: Shutterstock
Factors to Note as Tyson Foods (TSN) Queues Up for Q2 Earnings
Tyson Foods, Inc. (TSN - Free Report) is likely to witness year-over-year growth in its top and bottom lines when it reports second-quarter fiscal 2022 earnings on May 9. The Zacks Consensus Estimate for revenues is pegged at $12,432 million, suggesting a rise of 10.1% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings has declined 3.7% over the past 30 days to $1.84 per share. This indicates an increase of 37.3% from the figure reported in the prior-year period. Tyson Foods has a trailing four-quarter earnings surprise of 32.2%, on average. This renowned meat products company delivered an earnings surprise of around 51.1% in the last reported quarter.
Tyson Foods, Inc. Price, Consensus and EPS Surprise
Tyson Foods, Inc. price-consensus-eps-surprise-chart | Tyson Foods, Inc. Quote
Key Factors to Consider
Tyson Foods has been gaining on strategic growth efforts, including a focus on protein-packed brands and capacity expansion endeavors. The company has also been benefiting from robust demand in its retail core business lines. Apart from this, the continued recovery in the foodservice channel is a driver. Another area of focus for TSN has been its e-commerce, as consumers are shifting to online shopping, especially amid the pandemic. Tyson Foods is benefiting from its brand strength, innovations, robust geographical reach and ability to leverage its manufacturing capabilities and cater to the evolving global demand.
However, Tyson Foods has been battling escalated cost inflation for a while. On its last quarterly earnings call, management highlighted that it witnessed inflation across the business in areas, such as labor, grain costs, live cattle, hog costs and freight costs. The persistence of such high costs, along with a challenging labor environment, might have hurt Tyson Foods’ performance.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Tyson Foods this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Tyson Foods currently has a Zacks Rank #3 and an Earnings ESP of -9.54%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Hormel Foods (HRL - Free Report) has an Earnings ESP of +1.29% and a Zacks Rank #3. The company is expected to register top and bottom-line growth when it reports second-quarter fiscal 2022 results. The consensus mark for Hormel Foods’ revenues is pegged at nearly $3 billion, indicating an increase of 15.1% from the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hormel Foods’ quarterly earnings per share of 46 cents suggests a rise of 9.5% from the year-ago quarter’s reported figure. HRL has a trailing four-quarter earnings surprise of 1.7%, on average.
US Foods (USFD - Free Report) has an Earnings ESP of +19.32% and a Zacks Rank #3. The company is expected to register top and bottom-line growth when it reports first-quarter 2022 results.
The Zacks Consensus Estimate for US Foods’ bottom line stands at 29 cents per share, which suggests a rise of 141.7% from the year-ago period’s reported figure. USFD has a trailing four-quarter earnings surprise of 33.6%, on average.
Celsius Holdings (CELH - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank #3. It is anticipated to register a top and bottom-line increase when it reports first-quarter 2022 results. The Zacks Consensus Estimate for Celsius Holdings’ revenues is pegged at $117.6 million, indicating growth of 135.1% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Celsius Holdings’ quarterly earnings is pegged at 3 cents per share, suggesting a rise of 200% from the year-ago quarter’s reported figure. CELH delivered an earnings beat of 156.3%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.