The upcoming report from Hormel Foods (HRL) is expected to reveal quarterly earnings of $0.36 per share, indicating an increase of 2.9% compared to the year-ago period. Analysts forecast revenues of $3.05 billion, representing an increase of 0.5% year over year.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Bearing this in mind, let's now explore the average estimates of specific Hormel metrics that are commonly monitored and projected by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Net Sales- Retail' of $1.81 billion. The estimate indicates a year-over-year change of -2.8%.

Analysts forecast 'Net Sales- International' to reach $200.65 million. The estimate indicates a change of +7% from the prior-year quarter.

Analysts' assessment points toward 'Net Sales- Foodservice' reaching $1.00 billion. The estimate points to a change of +1.7% from the year-ago quarter.

The consensus estimate for 'Segment Profit- Foodservice' stands at $146.49 million. Compared to the current estimate, the company reported $140.71 million in the same quarter of the previous year.

It is projected by analysts that the 'Segment Profit- International' will reach $23.41 million. The estimate is in contrast to the year-ago figure of $18.94 million.

The combined assessment of analysts suggests that 'Segment Profit- Retail' will likely reach $120.90 million. Compared to the present estimate, the company reported $122.57 million in the same quarter last year.

View all Key Company Metrics for Hormel here>>>

Over the past month, shares of Hormel have returned -5.7% versus the Zacks S&P 500 composite's +2.3% change. Currently, HRL carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

See Stocks Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Hormel Foods Corporation (HRL): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research