Packaged foods company General Mills will report earnings this Wednesday before market hours. Last quarter, the company met revenue expectations with $4.44 billion, down 8.4% year on year, but missed analysts' EBITDA and EPS estimates. For the upcoming report, analysts expect flat revenue year on year, an improvement from the 3.3% decline in the same quarter last year. General Mills has missed Wall Street revenue estimates multiple times over the past two years. Shares are up 8.1% over the last month, heading into earnings with an average analyst price target of $37.56 compared to the current share price of $36.36.
General Mills IncEarnings report upcoming; past misses and flat revenue expectations create uncertainty.