General Mills Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
General Mills (NYSE:GIS) is set to release its Q1 earnings on Sept. 18, with expectations of $1.06 EPS and $4.79 billion in revenue. Analysts have revised price targets downward, reflecting cautious sentiment. The company recently sold its North American Yogurt business.
September 13, 2024 | 10:54 am
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General Mills is expected to report lower earnings per share compared to last year, with analysts revising price targets downward. The company has also sold its North American Yogurt business, which may impact future revenue streams.
The expected decrease in EPS and the downward revision of price targets by multiple analysts suggest a cautious outlook. The sale of the yogurt business could impact future revenues, adding to the uncertainty. These factors are likely to exert downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100