Tyson Foods Analysts Cut Their Forecasts After Q4 Results
Portfolio Pulse from Lisa Levin
Tyson Foods, Inc. (NYSE:TSN) reported Q4 earnings of 37 cents per share, surpassing estimates of 29 cents per share. However, sales of $13.35 billion fell short of the expected $13.73 billion. The company forecasts FY24 adjusted operating income between $1 billion and $1.5 billion. Following the earnings report, Tyson's stock rose 3.8% to $47.33. Analysts at BMO Capital, JP Morgan, and Stephens & Co. updated their price targets and ratings for Tyson Foods.
November 14, 2023 | 7:11 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tyson Foods exceeded Q4 EPS estimates but missed revenue forecasts. The stock increased by 3.8% and analysts have revised their price targets.
While Tyson Foods beat EPS estimates, the miss on revenue and the mixed adjustments from analysts may lead to a neutral short-term impact on the stock price. The increase in stock price post-earnings indicates a positive investor reaction, but the lowered price targets from analysts could temper further gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100