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.
Unlocking Q2 Potential of Hormel (HRL): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Hormel Foods (HRL - Free Report) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $2.94 billion, up 1.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Hormel metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Net Sales- Retail' stands at $1.79 billion. The estimate indicates a year-over-year change of +0.4%.
The consensus among analysts is that 'Net Sales- International' will reach $187.34 million. The estimate indicates a year-over-year change of +4.9%.
Analysts' assessment points toward 'Net Sales- Foodservice' reaching $981.82 million. The estimate points to a change of +4.9% from the year-ago quarter.
Analysts predict that the 'Segment Profit- Foodservice' will reach $150.14 million. The estimate is in contrast to the year-ago figure of $140.63 million.
Based on the collective assessment of analysts, 'Segment Profit- International' should arrive at $21.53 million. Compared to the present estimate, the company reported $18.41 million in the same quarter last year.
Analysts expect 'Segment Profit- Retail' to come in at $117.81 million. The estimate is in contrast to the year-ago figure of $137.14 million.
Hormel shares have witnessed a change of -3.1% in the past month, in contrast to the Zacks S&P 500 composite's +5.5% move. With a Zacks Rank #4 (Sell), HRL is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Unlocking Q2 Potential of Hormel (HRL): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect Hormel Foods (HRL - Free Report) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $2.94 billion, up 1.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Hormel metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Net Sales- Retail' stands at $1.79 billion. The estimate indicates a year-over-year change of +0.4%.
The consensus among analysts is that 'Net Sales- International' will reach $187.34 million. The estimate indicates a year-over-year change of +4.9%.
Analysts' assessment points toward 'Net Sales- Foodservice' reaching $981.82 million. The estimate points to a change of +4.9% from the year-ago quarter.
Analysts predict that the 'Segment Profit- Foodservice' will reach $150.14 million. The estimate is in contrast to the year-ago figure of $140.63 million.
Based on the collective assessment of analysts, 'Segment Profit- International' should arrive at $21.53 million. Compared to the present estimate, the company reported $18.41 million in the same quarter last year.
Analysts expect 'Segment Profit- Retail' to come in at $117.81 million. The estimate is in contrast to the year-ago figure of $137.14 million.
View all Key Company Metrics for Hormel here>>>Hormel shares have witnessed a change of -3.1% in the past month, in contrast to the Zacks S&P 500 composite's +5.5% move. With a Zacks Rank #4 (Sell), HRL is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .