Earnings Preview: Tyson Foods
Portfolio Pulse from Benzinga Insights
Tyson Foods (NYSE:TSN) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts predicting an EPS of $0.40. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares are currently trading at $56.63, down 8.0% over the last year. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock price.
February 02, 2024 | 3:01 pm
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Tyson Foods is anticipated to report an EPS of $0.40 for the upcoming quarter. Historical data shows its stock price is sensitive to earnings performance and guidance. Currently trading at $56.63, down 8% over the last year.
Given Tyson Foods' history of stock price movement post-earnings, a beat on the expected EPS of $0.40 or positive future guidance could lead to a short-term price increase. The stock's sensitivity to earnings outcomes and guidance, combined with its current year-to-date performance, suggests a potential positive impact if the company meets or exceeds expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100