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Market Overview

A Preview Of Tyson Foods's Earnings


On Monday, November 16, Tyson Foods (NYSE: TSN) will release its latest earnings report. Benzinga's outlook for Tyson Foods is included in the following report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Tyson Foods management projections, analysts predict EPS of $1.19 on revenue of $11.01 billion. In the same quarter last year, Tyson Foods reported earnings per share of $1.21 on sales of $10.88 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The Wall Street consensus estimate for earnings would represent a 1.65% decrease for the company. Sales would be up 1.16% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 0.91 1.04 1.65 1.29
EPS Actual 1.40 0.77 1.66 1.21
Revenue Estimate 10.51 B 10.96 B 11.04 B 11.00 B
Revenue Actual 10.02 B 10.88 B 10.81 B 10.88 B

Stock Performance

Over the last 52-week period, shares are down 31.61%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Tyson Foods is scheduled to hold the call at 09:00:00 ET and can be accessed here.


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Posted-In: Earnings