Hormel Foods Earnings: What Investors Should Watch
Hormel Foods (NYSE:HRL) will report earnings before markets open on Thursday, August 22nd. Hormel Foods Corporation manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods. Hormel markets its products around the world under a variety of branded names.
Here is your Cheat Sheet to Hormel Foods Earnings:
Earnings Expectations: Analysts expect earnings of $0.45 per share on revenues of $2.12 billion. Currently, the company’s P/E ratio stands at 22.97.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.56 to a profit $0.53. For the current year, the average estimate is a profit of $1.95, which is worse than the estimate ninety days ago.
Here’s how Hormel Foods has been performing on an annual basis:
|Revenue ($) in millions||6,755||6,534||7,221||7,895||8,231|
|Diluted EPS ($)||1.04||1.26||1.46||1.74||1.86|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013||Apr. 30, 2013|
|Revenue ($) in millions||2,008.19||2,170.18||2,116.24||2,152.69|
|Diluted EPS ($)||0.41||0.49||0.48||0.46|
Hormel Foods has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)