Earnings Preview: Hormel Foods
Portfolio Pulse from Benzinga Insights
Hormel Foods (NYSE:HRL) is set to release its latest quarterly earnings report on June 1, 2023, with analysts estimating an EPS of $0.40. The company's past performance and guidance will be crucial for investors.
May 31, 2023 | 2:07 pm
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Hormel Foods is set to release its quarterly earnings report on June 1, 2023, with an estimated EPS of $0.40. Past performance and guidance will be crucial for investors.
The short-term impact on Hormel Foods' stock price will depend on whether the company beats or misses the EPS estimate and provides positive or negative guidance for the next quarter. Last quarter, the company missed EPS by $0.05, resulting in a 2.87% drop in the share price the next day. Given the stock's negative performance over the last 52-week period, long-term shareholders may be concerned going into this earnings release.
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