Hormel Foods Q3 Adj. EPS $0.40 Misses $0.41 Estimate, Sales $2.96B Miss $3.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods (NYSE:HRL) reported Q3 earnings of $0.40 per share, missing the analyst consensus estimate of $0.41 by 2.44%. The company also reported quarterly sales of $2.96 billion, missing the analyst consensus estimate of $3.05 billion by 2.85%. This represents a 2.34% decrease over sales of $3.03 billion in the same period last year.
August 31, 2023 | 10:31 am
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Hormel Foods' Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock in the short term.
Hormel Foods reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100