General Mills Inc is set to release its second-quarter earnings report on Wednesday, December 18. With Wall Street analysts offering mixed projections, the report is expected to provide critical insight into the company’s recent performance and future outlook.
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Expected Q2 Earning Report of General Mills Inc:
For the upcoming quarter, General Mills is projected to post earnings per share (EPS) of $1.22, representing a decline of 2.4% compared to the same period last year. Revenue, on the other hand, is anticipated to grow modestly by 0.5% to $5.16 billion year-over-year.
Analysts have revised the EPS estimate downward by 0.3% in the last 30 days, signaling caution about the company’s short-term performance. Key metrics under the spotlight include:
- Net Sales – North America Foodservice: Expected to reach $599.50 million (+3% YoY).
- Net Sales – International: Forecasted at $713.92 million (+4.5% YoY).
Revisions to earnings estimates often play a significant role in influencing short-term investor sentiment. As such, the upcoming results will be closely scrutinized to see if General Mills meets or surpasses these projections.
Stock Target Advisor’s Analysis on General Mills Inc:
According to Stock Target Advisor’s analysis, General Mills’ outlook remains neutral, driven by 1 positive signal and 1 negative signal. The stock is currently trading at $65.60, with an average analyst target price of $72.50 over the next 12 months, suggesting a 10.49% projected price increase.
The stock has shown modest performance trends:
- 1-Year Total Return: 2.47%
- 1-Year Dividend Return: 3.59%
While the broader packaged foods sector remains rated as “Very Bearish” by Stock Target Advisor, General Mills’ stability and dividend strength make it a stock to watch in the coming quarters.
Conclusion:
As General Mills (GIS) prepares to unveil its Q2 results, the focus remains on its ability to navigate slowing EPS growth and modest revenue improvements. With analysts projecting a conservative outlook, investors will be keen to see if the company can exceed expectations and provide stronger guidance for future performance.
All eyes are on December 18 as General Mills reveals its numbers, which could determine its short-term stock trajectory.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
