General Mills Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
General Mills, Inc. (NYSE:GIS) is set to report its Q1 2024 financial results on Sept. 20, 2023. Analysts predict a quarterly earnings of $1.08 per share, down from $1.11 per share a year ago, and revenue of $4.88 billion, up from $4.72 billion. The company's shares rose 0.4% to close at $66.10 on Monday. Several analysts have recently revised their price targets for the company, with ratings ranging from 'Market Perform' to 'Neutral'.
September 19, 2023 | 2:42 pm
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General Mills is expected to report lower earnings per share but higher revenue for Q1 2024. The company's shares rose slightly ahead of the earnings call. Analysts have revised their price targets, indicating mixed expectations.
The news directly pertains to General Mills and its upcoming earnings report. The mixed analyst ratings and revised price targets suggest uncertainty about the company's performance, which could lead to volatility in the stock price. However, the slight increase in the company's share price indicates some positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100