Meat company Tyson Foods (NYSE: TSN) will be reporting results this Monday morning. Here’s what you need to know.
Tyson Foods missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $13.86 billion, up 2.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is Tyson Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Tyson Foods’s revenue to grow 2.3% year on year to $13.93 billion, in line with the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.94 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tyson Foods has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Tyson Foods’s peers in the consumer staples segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Cal-Maine’s revenues decreased 19.4% year on year, missing analysts’ expectations by 3.2%, and Constellation Brands reported a revenue decline of 9.8%, topping estimates by 2.9%. Cal-Maine traded down 4.6% following the results while Constellation Brands was up 5.3%.
Read our full analysis of Cal-Maine’s results here and Constellation Brands’s results here.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 7.6% on average over the last month. Tyson Foods is up 12.5% during the same time and is heading into earnings with an average analyst price target of $65.17 (compared to the current share price of $65.63).
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