General Mills: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
General Mills (NYSE:GIS) reported its Q4 earnings results, beating estimated earnings by 4.67% with an EPS of $1.12 versus an estimate of $1.07. Revenue was up $139.00 million from the same period last year. Last quarter, the company beat on EPS by $0.05, which was followed by a 3.23% increase in the share price the next day.
June 28, 2023 | 11:10 am
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General Mills reported a Q4 earnings beat, with an EPS of $1.12, exceeding estimates by 4.67%. Revenue increased by $139M YoY. The previous quarter's EPS beat resulted in a 3.23% share price increase.
General Mills has reported a positive earnings surprise, which is typically followed by a rise in the share price. The company's history of beating earnings estimates and the subsequent positive reaction in the stock price suggests a high likelihood of a similar response this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100