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General Mills (GIS) Gains But Lags Market: What You Should Know
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General Mills (GIS - Free Report) closed the most recent trading day at $51.97, moving +0.35% from the previous trading session. This move lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow gained 0.82%, while the tech-heavy Nasdaq added 1.14%.
Heading into today, shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods had gained 0.14% over the past month, lagging the Consumer Staples sector's gain of 0.73% and outpacing the S&P 500's loss of 3.2% in that time.
Investors will be hoping for strength from GIS as it approaches its next earnings release. The company is expected to report EPS of $0.76, down 3.8% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.22 billion, up 8.57% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.14 per share and revenue of $16.93 billion, which would represent changes of +0.96% and +7.53%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GIS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. GIS currently has a Zacks Rank of #2 (Buy).
Digging into valuation, GIS currently has a Forward P/E ratio of 16.49. This represents a discount compared to its industry's average Forward P/E of 18.54.
Also, we should mention that GIS has a PEG ratio of 2.2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Food - Miscellaneous was holding an average PEG ratio of 2.28 at yesterday's closing price.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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General Mills (GIS) Gains But Lags Market: What You Should Know
General Mills (GIS - Free Report) closed the most recent trading day at $51.97, moving +0.35% from the previous trading session. This move lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow gained 0.82%, while the tech-heavy Nasdaq added 1.14%.
Heading into today, shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods had gained 0.14% over the past month, lagging the Consumer Staples sector's gain of 0.73% and outpacing the S&P 500's loss of 3.2% in that time.
Investors will be hoping for strength from GIS as it approaches its next earnings release. The company is expected to report EPS of $0.76, down 3.8% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.22 billion, up 8.57% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.14 per share and revenue of $16.93 billion, which would represent changes of +0.96% and +7.53%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GIS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. GIS currently has a Zacks Rank of #2 (Buy).
Digging into valuation, GIS currently has a Forward P/E ratio of 16.49. This represents a discount compared to its industry's average Forward P/E of 18.54.
Also, we should mention that GIS has a PEG ratio of 2.2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Food - Miscellaneous was holding an average PEG ratio of 2.28 at yesterday's closing price.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.