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.
Tyson Foods (TSN) Queued for Q3 Earnings: Things to Consider
Read MoreHide Full Article
Tyson Foods, Inc. (TSN - Free Report) is likely to witness year-over-year growth in the top line when it reports third-quarter fiscal 2022 earnings on Aug 8. The Zacks Consensus Estimate for revenues is pegged at $13,308 million, suggesting an increase of 6.7% from the prior-year quarter’s reported figure.
However, Tyson Foods’ bottom line is likely to decline year over year. The Zacks Consensus Estimate for quarterly earnings has moved up by a couple of cents to $1.91 per share in the last seven days. However, the projection indicates a slump of 29.3% from the figure reported in the prior-year quarter. Tyson Foods has a trailing four-quarter earnings surprise of 33.3%, on average. This renowned meat products company delivered an earnings surprise of around 25.1% in the last reported quarter.
Tyson Foods is benefiting from improved operational execution and solid customer and consumer demand for its brands and products. The company’s diverse protein portfolio, omnichannel capabilities, solid brands and value-added products have been contributing to the upside. Focus on its e-commerce business amid consumers’ shift to online shopping is yielding. Apart from this, the company is seeing continued growth in the retail core business and a rebound in the foodservice business. We believe that the persistence of these aspects bodes well for the quarter to be reported.
Yet, However, Tyson Foods has been battling escalated cost inflation for a while. In its last earnings call, management highlighted that every part of its business had borne the brunt of inflation. It saw increased costs across the supply chain for all inputs, higher costs of labor and transportation owing to increased demand, among others. The persistence of such high costs, along with a challenging labor and supply chain environment, might have hurt Tyson Foods’ performance in the third quarter of fiscal 2022.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Tyson Foods this time around. 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Tyson Foods carries a Zacks Rank #4 (Sell) and an Earnings ESP of +4.05%.
Stocks With the Favorable Combination
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Corteva (CTVA - Free Report) currently has an Earnings ESP of +0.20% and a Zacks Rank #2. CTVA is anticipated to register top and bottom-line growth when it reports the second-quarter 2022 results. The Zacks Consensus Estimate for Corteva’s quarterly revenues is pegged at $6.2 billion, indicating an improvement of 9.8% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Corteva’s bottom line has moved up by a penny to $1.47 per share in the last 30 days. The consensus estimate for CTVA suggests growth of 5% from the year-ago quarter’s reported figure. CTVA has delivered an earnings beat of 22.3%, on average, in the trailing four quarters.
Grocery Outlet (GO - Free Report) currently has an Earnings ESP of +3.55% and a Zacks Rank of 2. The company is expected to register top and bottom-line growth when it reports second-quarter 2022 numbers. The Zacks Consensus Estimate for GO’s quarterly revenues is pegged at $859.6 million, suggesting growth of 10.8% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Grocery Outlet’s quarterly earnings has been unchanged in the past 30 days at 24 cents per share, suggesting a 4.4% increase from the year-ago reported number. GO has delivered an earnings beat of 4.8%, on average, in the trailing four quarters.
Ollie's Bargain Outlet (OLLI - Free Report) currently has an Earnings ESP of +6.06% and a Zacks Rank of 3. The company is likely to register a rise in the top line when it reports second-quarter fiscal 2022 results. The Zacks Consensus Estimate for OLLI’s quarterly revenues is pegged at $457.5 million, which suggests a jump of 10% from the figure reported in the prior-year quarter.
The consensus mark for Ollie's Bargain’s quarterly earnings has been unchanged at 33 cents per share in the past 30 days. The consensus estimate for OLLI’s quarterly earnings suggests a decline of 36.5% from the year-ago quarter’s reported figure. Ollie's Bargain delivered a negative earnings surprise of 17.1%, on average, in the trailing four quarters.
Image: Shutterstock
Tyson Foods (TSN) Queued for Q3 Earnings: Things to Consider
Tyson Foods, Inc. (TSN - Free Report) is likely to witness year-over-year growth in the top line when it reports third-quarter fiscal 2022 earnings on Aug 8. The Zacks Consensus Estimate for revenues is pegged at $13,308 million, suggesting an increase of 6.7% from the prior-year quarter’s reported figure.
However, Tyson Foods’ bottom line is likely to decline year over year. The Zacks Consensus Estimate for quarterly earnings has moved up by a couple of cents to $1.91 per share in the last seven days. However, the projection indicates a slump of 29.3% from the figure reported in the prior-year quarter. Tyson Foods has a trailing four-quarter earnings surprise of 33.3%, on average. This renowned meat products company delivered an earnings surprise of around 25.1% in the last reported quarter.
Tyson Foods, Inc. Price and EPS Surprise
Tyson Foods, Inc. price-eps-surprise | Tyson Foods, Inc. Quote
Things To Note
Tyson Foods is benefiting from improved operational execution and solid customer and consumer demand for its brands and products. The company’s diverse protein portfolio, omnichannel capabilities, solid brands and value-added products have been contributing to the upside. Focus on its e-commerce business amid consumers’ shift to online shopping is yielding. Apart from this, the company is seeing continued growth in the retail core business and a rebound in the foodservice business. We believe that the persistence of these aspects bodes well for the quarter to be reported.
Yet, However, Tyson Foods has been battling escalated cost inflation for a while. In its last earnings call, management highlighted that every part of its business had borne the brunt of inflation. It saw increased costs across the supply chain for all inputs, higher costs of labor and transportation owing to increased demand, among others. The persistence of such high costs, along with a challenging labor and supply chain environment, might have hurt Tyson Foods’ performance in the third quarter of fiscal 2022.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Tyson Foods this time around. 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Tyson Foods carries a Zacks Rank #4 (Sell) and an Earnings ESP of +4.05%.
Stocks With the Favorable Combination
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Corteva (CTVA - Free Report) currently has an Earnings ESP of +0.20% and a Zacks Rank #2. CTVA is anticipated to register top and bottom-line growth when it reports the second-quarter 2022 results. The Zacks Consensus Estimate for Corteva’s quarterly revenues is pegged at $6.2 billion, indicating an improvement of 9.8% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Corteva’s bottom line has moved up by a penny to $1.47 per share in the last 30 days. The consensus estimate for CTVA suggests growth of 5% from the year-ago quarter’s reported figure. CTVA has delivered an earnings beat of 22.3%, on average, in the trailing four quarters.
Grocery Outlet (GO - Free Report) currently has an Earnings ESP of +3.55% and a Zacks Rank of 2. The company is expected to register top and bottom-line growth when it reports second-quarter 2022 numbers. The Zacks Consensus Estimate for GO’s quarterly revenues is pegged at $859.6 million, suggesting growth of 10.8% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Grocery Outlet’s quarterly earnings has been unchanged in the past 30 days at 24 cents per share, suggesting a 4.4% increase from the year-ago reported number. GO has delivered an earnings beat of 4.8%, on average, in the trailing four quarters.
Ollie's Bargain Outlet (OLLI - Free Report) currently has an Earnings ESP of +6.06% and a Zacks Rank of 3. The company is likely to register a rise in the top line when it reports second-quarter fiscal 2022 results. The Zacks Consensus Estimate for OLLI’s quarterly revenues is pegged at $457.5 million, which suggests a jump of 10% from the figure reported in the prior-year quarter.
The consensus mark for Ollie's Bargain’s quarterly earnings has been unchanged at 33 cents per share in the past 30 days. The consensus estimate for OLLI’s quarterly earnings suggests a decline of 36.5% from the year-ago quarter’s reported figure. Ollie's Bargain delivered a negative earnings surprise of 17.1%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.