Earnings Outlook For General Mills
Portfolio Pulse from Benzinga Insights
General Mills (NYSE:GIS) is set to release its latest quarterly earnings report on September 20, 2023. Analysts estimate an earnings per share (EPS) of $1.08. The company's past performance shows a pattern of beating EPS estimates. However, the share price dropped by 0.55% the day after the last earnings beat. Over the last 52-week period, shares are down 16.98%.
September 19, 2023 | 2:00 pm
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General Mills is expected to report an EPS of $1.08 in its upcoming earnings report. Despite past EPS beats, the stock price has been on a downward trend, with a 16.98% drop over the last 52 weeks.
The upcoming earnings report is highly relevant to General Mills' stock. Despite the company's history of beating EPS estimates, the stock price has been declining, indicating that investors may be more focused on other factors. The 16.98% drop over the last 52 weeks suggests a negative sentiment towards the stock, which could potentially continue if the earnings report does not exceed expectations significantly.
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