General Mills Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

General Mills, Inc. GIS will release earnings results for its second quarter, before the opening bell on Wednesday, Dec. 18.

Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.22 cents per share, down from $1.25 per share in the year-ago period. General Mills projects to report revenue of $5.14 billion for the recent quarter, compared to $5.14 billion a year earlier, according to data from Benzinga Pro.

General Mills shares gained 0.9% to close at $66.69 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• B of A Securities analyst Bryan Spillane upgraded the stock from Neutral to Buy and raised the price target from $78 to $80 on Dec. 13. This analyst has an accuracy rate of 63%.
• Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $77 to $70 on Nov. 15. This analyst has an accuracy rate of 61%.
• JP Morgan analyst Ken Goldman maintained a Neutral rating and increased the price target from $63 to $67 on Oct. 14. This analyst has an accuracy rate of 76%.
• TD Cowen analyst Robert Moskow maintained a Hold rating and raised the price target from $72 to $75 on Sept. 20. This analyst has an accuracy rate of 65%.
• Piper Sandler analyst Michael Lavery maintained an Overweight rating and boosted the price target from $74 to $84 on Sept. 19. This analyst has an accuracy rate of 67%.

Considering buying GIS stock? Here’s what analysts think:

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