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Earnings Outlook For Hormel Foods

HRL is set to give its latest quarterly earnings report on Thursday , 2021-09-02. Here's what investors need to know before the announcement. Analysts estimate that Hormel Foods will likely report an Earnings Per Share (EPS) of $0.4

Benzinga · 09/01/2021 11:08

HRL is set to give its latest quarterly earnings report on Thursday , 2021-09-02. Here's what investors need to know before the announcement.

Analysts estimate that Hormel Foods will likely report an Earnings Per Share (EPS) of $0.4

Hormel Foods bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by $2.44, which was followed by a 0.12 increase in the share price the next day.

Here's a look at Hormel Foods's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020
EPS Estimate 0.41 0.41 0.44 0.34
EPS Actual 0.42 0.41 0.43 0.37
Revenue Estimate 2.42 B 2.37 B 2.59 B 2.37 B
Revenue Actual 2.61 B 2.46 B 2.42 B 2.38 B

eps graph

Stock Performance

Shares of Hormel Foods were trading at $45.54 as of August 31. Over the last 52-week period, shares are down 10.63%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.