Tyson Foods Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Tyson Foods, Inc. (NYSE:TSN) is expected to report lower earnings for Q4 2023, with analysts predicting earnings of $0.29 per share compared to $1.63 per share a year ago. Revenue is anticipated to be slightly down at $13.73 billion versus $13.74 billion. The company has also initiated a recall of about 29,819 pounds of chicken products due to contamination concerns. Shares closed up slightly at $46.40. Analysts from BMO Capital, Goldman Sachs, Barclays, JP Morgan, and Piper Sandler have provided various ratings and price targets for Tyson Foods.
November 10, 2023 | 3:33 pm
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Tyson Foods is expected to report lower Q4 earnings and a slight revenue decrease. The company also initiated a chicken product recall. Analysts have mixed ratings with price targets ranging from $49 to $55.
The expected decrease in earnings and revenue, combined with the product recall, is likely to negatively impact investor sentiment in the short term. Analyst ratings are mixed but do not compensate for the negative earnings forecast and recall news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100