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Gear Up for General Mills (GIS) Q3 Earnings: Wall Street Estimates for Key Metrics
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In its upcoming report, General Mills (GIS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.95 per share, reflecting a decline of 18.8% compared to the same period last year. Revenues are forecasted to be $4.96 billion, representing a year-over-year decrease of 2.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific General Mills metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Net Sales- North America Foodservice' to reach $576.36 million. The estimate indicates a year-over-year change of +4.5%.
The combined assessment of analysts suggests that 'Net Sales- International' will likely reach $686.85 million. The estimate indicates a year-over-year change of +1%.
The consensus among analysts is that 'Net Sales- North America Pet' will reach $636.11 million. The estimate indicates a year-over-year change of +1.9%.
It is projected by analysts that the 'Net Sales- North America Retail' will reach $3.07 billion. The estimate points to a change of -5.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Profit- North America Retail' should arrive at $671.69 million. The estimate compares to the year-ago value of $752.20 million.
According to the collective judgment of analysts, 'Operating Profit- International' should come in at $20.31 million. The estimate compares to the year-ago value of $18.20 million.
Analysts predict that the 'Operating Profit- North America Pet' will reach $131.74 million. Compared to the current estimate, the company reported $128.30 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating Profit- North America Foodservice' reaching $88.74 million. Compared to the present estimate, the company reported $81.70 million in the same quarter last year.
General Mills shares have witnessed a change of +0.5% in the past month, in contrast to the Zacks S&P 500 composite's -9.6% move. With a Zacks Rank #3 (Hold), GIS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Gear Up for General Mills (GIS) Q3 Earnings: Wall Street Estimates for Key Metrics
In its upcoming report, General Mills (GIS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.95 per share, reflecting a decline of 18.8% compared to the same period last year. Revenues are forecasted to be $4.96 billion, representing a year-over-year decrease of 2.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific General Mills metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Net Sales- North America Foodservice' to reach $576.36 million. The estimate indicates a year-over-year change of +4.5%.
The combined assessment of analysts suggests that 'Net Sales- International' will likely reach $686.85 million. The estimate indicates a year-over-year change of +1%.
The consensus among analysts is that 'Net Sales- North America Pet' will reach $636.11 million. The estimate indicates a year-over-year change of +1.9%.
It is projected by analysts that the 'Net Sales- North America Retail' will reach $3.07 billion. The estimate points to a change of -5.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Profit- North America Retail' should arrive at $671.69 million. The estimate compares to the year-ago value of $752.20 million.
According to the collective judgment of analysts, 'Operating Profit- International' should come in at $20.31 million. The estimate compares to the year-ago value of $18.20 million.
Analysts predict that the 'Operating Profit- North America Pet' will reach $131.74 million. Compared to the current estimate, the company reported $128.30 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating Profit- North America Foodservice' reaching $88.74 million. Compared to the present estimate, the company reported $81.70 million in the same quarter last year.
View all Key Company Metrics for General Mills here>>>
General Mills shares have witnessed a change of +0.5% in the past month, in contrast to the Zacks S&P 500 composite's -9.6% move. With a Zacks Rank #3 (Hold), GIS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>