Tyson Foods First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tyson Foods (NYSE:TSN) will unveil its latest earnings tomorrow, Friday, February 1, 2013.  Tyson Foods and its subsidiaries produce, distribute and market chicken, beef, pork, prepared foods and related products.

Tyson Foods Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 38 cents per share, a decline of 9.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 38 cents during the last month. Analysts are projecting profit to rise by 1.6% versus last year to $1.88.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 55 cents per share against a mean estimate of net income of 43 cents per share. In the third quarter of the last fiscal year, it missed forecasts by 5 cents.

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A Look Back: In the fourth quarter of the last fiscal year, profit rose 90.7% to $185 million (51 cents a share) from $97 million (26 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 0.4% to $8.37 billion from $8.4 billion.

Here’s how Tyson Foods traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: