Earnings Outlook For Hormel Foods

Hormel Foods HRL is set to give its latest quarterly earnings report on Thursday, 2021-12-09. Here's what investors need to know before the announcement.

Analysts estimate that Hormel Foods will likely report an Earnings Per Share (EPS) of $0.50.

Hormel Foods bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.01, which was followed by a 1.74% drop in the share price the next day.

Here's a look at Hormel Foods's past performance and the resulting price change:

Stock Performance

Shares of Hormel Foods were trading at $42.43 as of December 07. Over the last 52-week period, shares are down 8.43%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

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