Tyson Foods Q4 Adj $0.37 Beats $0.29 Estimate, Sales $13.35B Miss $13.71B Estimate
Portfolio Pulse from bharat@benzinga.com
Tyson Foods (NYSE:TSN) reported Q4 earnings per share of $0.37, surpassing the consensus estimate of $0.29 by 27.59%. However, the earnings represent a 77.3% decrease from $1.63 per share a year ago. Quarterly sales were $13.35 billion, falling short of the $13.73 billion estimate by 2.78% and marking a 2.83% decline from the previous year's sales.
November 13, 2023 | 12:35 pm
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NEUTRAL IMPACT
Tyson Foods reported higher-than-expected Q4 EPS but saw a significant decrease in earnings compared to last year and missed sales estimates.
While beating EPS estimates typically has a positive impact on stock price, the significant year-over-year decline in earnings and missed revenue forecasts could temper investor enthusiasm. The mixed results present a neutral short-term outlook as the market digests both the positive EPS beat and the negative sales miss and earnings decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100