Market Overview

General Mills Expected To Report Single-Digit Growth On Wednesday

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General Mills, Inc. (NYSE: GIS) is scheduled to report its fourth quarter financial results on Wednesday before the market opens. Expectations point towards a slight, single-digit increase in earnings.

According to Estimize, the Street is modeling consensus earnings of $0.71 per share on revenue of $4.521 billion, while the crowd is projecting consensus earnings of $0.72 per share on revenue of $4.528 billion. These estimates compare to earnings of $0.67 per share on revenue of $4.284 billion reported in the same quarter last year.

However, the chart above shows that General Mills is more prone to missing estimates than to beating them.

Analyst Opinion

In a recent report, analysts at Stifel shared their top picks in the food sector. They advise investors to “remain selective in their food exposure,” and select General Mills among its favorites.

In another note, analysts at Zacks anticipate high single-digit net sales growth for the quarter (constant currency), while adjusted operating profit (also constant currency) is expected to fall at a low single-digit rate.

Latest Ratings for GIS

DateFirmActionFromTo
Sep 2020Credit SuisseUpgradesNeutralOutperform
Sep 2020Piper SandlerMaintainsOverweight
Sep 2020Morgan StanleyMaintainsEqual-Weight

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