General Mills Set for Earnings Release and Analyst Insights
General Mills Earnings and Market Insights
General Mills, Inc. (NYSE: GIS) is gearing up to release its earnings results for the first quarter soon. Industry experts anticipate the results to be available before the opening bell, providing key information for investors and analysts alike.
Analysts' Earnings Expectations
For this quarter, analysts predict that General Mills will report earnings of approximately $1.06 per share, representing a slight decline compared to the $1.09 per share reported during the same quarter last year. Furthermore, the company's revenue is projected to reach around $4.79 billion, indicating the financial performance metrics that will be closely scrutinized by stakeholders.
Recent Developments affecting General Mills
Recently, General Mills made headlines with the announcement of agreements to divest its North American Yogurt business. This transaction has been viewed as a strategic move aimed at focusing on core areas of growth. Both Lactalis and Sodiaal are set to take over this segment, which could have significant implications on the overall market positioning of General Mills going forward.
Stock Performance Overview
As of the last trading session, shares of General Mills experienced a minor decrease, falling by 0.2% and closing at $73.01. Market fluctuations like these often prompt investors to reassess their positions and forecasting methodologies, particularly ahead of critical earnings announcements.
Insights from Analysts
Regarding analyst sentiment on GIS stock, several noteworthy revisions have recently emerged:
- Mizuho analyst John Baumgartner adopted a Neutral stance and adjusted the price target from $70 to $62 in early July. His accuracy record stands at 68%.
- Evercore ISI Group analyst David Palmer also maintained an In-Line rating but notably cut the price target from $76 to $72 in late June. His accuracy is recorded at 65%.
- B of A Securities analyst Bryan Spillane retained a Neutral rating, reducing the price target from $70 to $68, with an accuracy rating of 66%.
- Wells Fargo's Chris Carey maintained an Equal-Weight rating while lowering the price target from $70 to $67, boasting an accuracy of 63%.
- Lastly, RBC Capital's Nik Modi reiterated a Sector Perform rating, maintaining a price target of $70, with an accuracy of 67%.
As investors consider their next moves, understanding analysts' perspectives on GIS stock can provide substantial insights.
Frequently Asked Questions
What are the expected earnings for General Mills?
Analysts expect General Mills to report earnings of $1.06 per share for the upcoming quarter.
How did General Mills' stock perform recently?
General Mills shares experienced a slight decline by 0.2%, closing at $73.01.
What recent business move did General Mills announce?
The company announced agreements to sell its North American Yogurt business to Lactalis and Sodiaal.
What are some recent analyst ratings for GIS stock?
Analysts from various firms have issued revised targets, generally lowering expectations based on market trends.
Where can I find more information on General Mills?
Investors should monitor earnings reports and analyst ratings for the most current information regarding General Mills.
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