We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Stay Ahead of the Game With General Mills (GIS) Q4 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
Wall Street analysts expect General Mills (GIS - Free Report) to post quarterly earnings of $0.71 per share in its upcoming report, which indicates a year-over-year decline of 29.7%. Revenues are expected to be $4.6 billion, down 2.4% from the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.
Given this perspective, it's time to examine the average forecasts of specific General Mills metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- North America Foodservice' of $593.35 million. The estimate suggests a change of +0.7% year over year.
The consensus among analysts is that 'Net Sales- International' will reach $671.56 million. The estimate points to a change of +0.6% from the year-ago quarter.
The consensus estimate for 'Net Sales- North America Pet' stands at $646.14 million. The estimate indicates a year-over-year change of +7.3%.
It is projected by analysts that the 'Net Sales- North America Retail' will reach $2.71 billion. The estimate indicates a change of -5% from the prior-year quarter.
According to the collective judgment of analysts, 'Operating Profit- North America Retail' should come in at $492.98 million. The estimate compares to the year-ago value of $670.10 million.
Analysts' assessment points toward 'Operating Profit- International' reaching $32.83 million. The estimate is in contrast to the year-ago figure of $22.40 million.
The average prediction of analysts places 'Operating Profit- North America Pet' at $124.25 million. The estimate compares to the year-ago value of $143.90 million.
Analysts expect 'Operating Profit- North America Foodservice' to come in at $78.51 million. The estimate compares to the year-ago value of $79.20 million.
Over the past month, shares of General Mills have returned -0.8% versus the Zacks S&P 500 composite's +0.6% change. Currently, GIS carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With General Mills (GIS) Q4 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect General Mills (GIS - Free Report) to post quarterly earnings of $0.71 per share in its upcoming report, which indicates a year-over-year decline of 29.7%. Revenues are expected to be $4.6 billion, down 2.4% from the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.
Given this perspective, it's time to examine the average forecasts of specific General Mills metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- North America Foodservice' of $593.35 million. The estimate suggests a change of +0.7% year over year.
The consensus among analysts is that 'Net Sales- International' will reach $671.56 million. The estimate points to a change of +0.6% from the year-ago quarter.
The consensus estimate for 'Net Sales- North America Pet' stands at $646.14 million. The estimate indicates a year-over-year change of +7.3%.
It is projected by analysts that the 'Net Sales- North America Retail' will reach $2.71 billion. The estimate indicates a change of -5% from the prior-year quarter.
According to the collective judgment of analysts, 'Operating Profit- North America Retail' should come in at $492.98 million. The estimate compares to the year-ago value of $670.10 million.
Analysts' assessment points toward 'Operating Profit- International' reaching $32.83 million. The estimate is in contrast to the year-ago figure of $22.40 million.
The average prediction of analysts places 'Operating Profit- North America Pet' at $124.25 million. The estimate compares to the year-ago value of $143.90 million.
Analysts expect 'Operating Profit- North America Foodservice' to come in at $78.51 million. The estimate compares to the year-ago value of $79.20 million.
View all Key Company Metrics for General Mills here>>>
Over the past month, shares of General Mills have returned -0.8% versus the Zacks S&P 500 composite's +0.6% change. Currently, GIS carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>