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General Mills (GIS) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
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The upcoming report from General Mills (GIS - Free Report) is expected to reveal quarterly earnings of $0.72 per share, indicating a decline of 16.3% compared to the year-ago period. Analysts forecast revenues of $4.33 billion, representing a decline of 4.3% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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 predict that the 'Net Sales- North America Foodservice' will reach $499.00 million. The estimate indicates a year-over-year change of -3.4%.
According to the collective judgment of analysts, 'Net Sales- International' should come in at $779.36 million. The estimate points to a change of +2.5% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- North America Pet' will reach $593.43 million. The estimate indicates a year-over-year change of -2.7%.
Analysts' assessment points toward 'Net Sales- North America Retail' reaching $2.45 billion. The estimate suggests a change of -6.7% year over year.
Analysts expect 'Operating Profit- North America Retail' to come in at $499.06 million. Compared to the present estimate, the company reported $564.20 million in the same quarter last year.
Analysts forecast 'Operating Profit- International' to reach $54.83 million. Compared to the present estimate, the company reported $65.70 million in the same quarter last year.
The consensus among analysts is that 'Operating Profit- North America Pet' will reach $106.62 million. Compared to the present estimate, the company reported $112.90 million in the same quarter last year.
The average prediction of analysts places 'Operating Profit- North America Foodservice' at $66.30 million. Compared to the current estimate, the company reported $70.60 million in the same quarter of the previous year.
General Mills shares have witnessed a change of -7.5% in the past month, in contrast to the Zacks S&P 500 composite's -1.3% 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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General Mills (GIS) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from General Mills (GIS - Free Report) is expected to reveal quarterly earnings of $0.72 per share, indicating a decline of 16.3% compared to the year-ago period. Analysts forecast revenues of $4.33 billion, representing a decline of 4.3% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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 predict that the 'Net Sales- North America Foodservice' will reach $499.00 million. The estimate indicates a year-over-year change of -3.4%.
According to the collective judgment of analysts, 'Net Sales- International' should come in at $779.36 million. The estimate points to a change of +2.5% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- North America Pet' will reach $593.43 million. The estimate indicates a year-over-year change of -2.7%.
Analysts' assessment points toward 'Net Sales- North America Retail' reaching $2.45 billion. The estimate suggests a change of -6.7% year over year.
Analysts expect 'Operating Profit- North America Retail' to come in at $499.06 million. Compared to the present estimate, the company reported $564.20 million in the same quarter last year.
Analysts forecast 'Operating Profit- International' to reach $54.83 million. Compared to the present estimate, the company reported $65.70 million in the same quarter last year.
The consensus among analysts is that 'Operating Profit- North America Pet' will reach $106.62 million. Compared to the present estimate, the company reported $112.90 million in the same quarter last year.
The average prediction of analysts places 'Operating Profit- North America Foodservice' at $66.30 million. Compared to the current estimate, the company reported $70.60 million in the same quarter of the previous year.
View all Key Company Metrics for General Mills here>>>General Mills shares have witnessed a change of -7.5% in the past month, in contrast to the Zacks S&P 500 composite's -1.3% 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 >>>> .