Market Overview

Earnings Outlook for Hormel Foods

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Hormel Foods (NYSE: HRL) releases its next round of earnings this Tuesday, August 25. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Earnings and Revenue

Hormel Foods EPS is expected to be around $0.34, according to sell-side analysts. Sales will likely be near $2.38 billion. In the same quarter last year, Hormel Foods reported earnings per share of $0.37 on sales of $2.29 billion. Analysts estimate would represent a 8.11% decrease in the company's earnings per share. Here's how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 0.42 0.45 0.46 0.36
EPS Actual 0.42 0.45 0.47 0.37
Revenue Estimate 2.37 B 2.37 B 2.51 B 2.29 B
Revenue Actual 2.42 B 2.38 B 2.50 B 2.29 B

Stock Performance

Over the last 52-week period, shares are up 23.89%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Hormel Foods is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/hrl/mediaframe/39652/indexr.html

 

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