Hormel Foods HRL reported its Q3 earnings results on Thursday, September 1, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Hormel Foods missed estimated earnings by 2.44%, reporting an EPS of $0.40 versus an estimate of $0.41.
Revenue was up $170.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 1.4% drop in the share price the next day.
Here's a look at Hormel Foods's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 0.47 | 0.44 | 0.50 | 0.40 |
EPS Actual | 0.48 | 0.44 | 0.51 | 0.39 |
Revenue Estimate | 3.07B | 2.93B | 3.22B | 2.65B |
Revenue Actual | 3.10B | 3.04B | 3.46B | 2.86B |
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).
Guidance
Hormel Foods management provided guidance for FY 2022, expecting earnings between $1.78 and $1.85 per share.
To track all earnings releases for Hormel Foods visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.