General Mills Likely To Report Higher Q3 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
General Mills, Inc. (NYSE:GIS) is anticipated to report higher earnings for Q3 before the market opens on March 20, 2024, with expected earnings of $1.05 per share, up from 97 cents the previous year, and projected revenue of $4.96 billion. The company recently announced the retirement of Shawn O'Grady, Group President, North America Foodservice. Following this, GIS shares rose 1.3% to close at $68.63. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of Neutral, Buy, and Overweight ratings and adjusted price targets ranging from $65 to $76.
March 20, 2024 | 6:45 am
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General Mills is expected to report higher Q3 earnings with an EPS of $1.05, up from the previous year, and projected revenue of $4.96 billion. The company's shares increased by 1.3% following the retirement announcement of Shawn O'Grady. Analysts have provided mixed ratings and adjusted price targets.
The anticipation of higher Q3 earnings and recent positive share price movement suggest a positive short-term impact. The retirement of a key executive could be seen as a period of transition, but the market response has been positive. Analysts' mixed ratings and adjusted price targets reflect caution but also acknowledge the company's potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100