Hormel Foods's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Hormel Foods (NYSE:HRL) is expected to release its quarterly earnings report on Wednesday, 2023-11-29, with analysts predicting an EPS of $0.45. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Hormel Foods's stock price has shown sensitivity to earnings performance and guidance. The stock is currently trading at $31.96, down 31.7% over the last 52 weeks, indicating potential concern among long-term shareholders ahead of the earnings release.
November 28, 2023 | 2:00 pm
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NEUTRAL IMPACT
Hormel Foods is anticipated to report an EPS of $0.45 for the quarter. Past earnings performance has influenced stock price movements, with a recent 31.7% decline over the last year. Investors are focused on earnings outcomes and forward-looking guidance.
The expected EPS is in line with analyst estimates, but the stock's performance will likely hinge on whether Hormel Foods can exceed expectations and provide strong future guidance. Historical data shows that the stock price is sensitive to earnings reports, but given the recent downward trend, it's uncertain how the market will react. The score is neutral due to the lack of clear directional indicators.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100