Hormel Foods CorporationHRL
± MixedCapitalrelevance
Earnings preview with flat revenue expected; stock down 8.8% over past month, price target above current price.
Impact on stocks 3
Consumer Staples
Hormel Foods is set to report its quarterly earnings on Thursday before the bell, with analysts expecting revenue to remain flat year on year, a slowdown from the 4.6% increase recorded in the same quarter last year. The company met revenue expectations last quarter with $2.97 billion, up 2.5% year on year, and also beat gross margin estimates. Analysts have generally reconfirmed their estimates over the past 30 days, though Hormel has missed revenue estimates multiple times in the last two years. In the shelf-stable food segment, peers Lamb Weston and Hershey have already reported strong results, with revenue growth of 5.6% and 6.6%, respectively, beating expectations. Hormel's stock is down 8.8% over the past month, and the average analyst price target is $27.25, compared to the current share price of $23.77.
Hormel Foods CorporationEarnings preview with flat revenue expected; stock down 8.8% over past month, price target above current price.
Hershey Co
Lamb Weston Holdings Inc