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Hormel Foods Corporation (NYSE:HRL) will be releasing its next round of earnings this Tuesday, Nov. 20. For all of the relevant information, here is your guide for the Q4 earnings announcement.
Earnings and Revenue
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Wall Street analysts see Hormel Foods reporting earnings of 49 cents per share on revenue of $2.57 billion.
Hormel Foods earnings in the same period a year ago was 41 cents. Quarterly sales came in at $2.49 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 19.51 percent. Sales would be up 3.09 percent from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.39 | 0.45 | 0.43 | 0.4 |
| EPS Actual | 0.39 | 0.44 | 0.44 | 0.41 |
Stock Performance
Over the last 52-week period, shares are up 38.72 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Sell rating with Hormel Foods. The strength of this rating has maintained conviction over the past three months.
Conference Call
Hormel Foods is scheduled to hold a conference call at 9:00 a.m. ET and it can be accessed here: https://services.choruscall.com/links/hrl181120.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.