Hormel Foods (NYSE:HRL) is gearing up to announce its quarterly earnings on Wednesday, 2024-12-04. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Hormel Foods will report an earnings per share (EPS) of $0.43.
The market awaits Hormel Foods's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Past Earnings Performance
During the last quarter, the company reported an EPS beat by $0.01, leading to a 3.55% increase in the share price on the subsequent day.
Here's a look at Hormel Foods's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.36 | 0.36 | 0.34 | 0.45 |
| EPS Actual | 0.37 | 0.38 | 0.41 | 0.42 |
| Price Change % | 4.0% | 1.0% | -6.0% | 0.0% |
Market Performance of Hormel Foods's Stock
Shares of Hormel Foods were trading at $32.14 as of December 02. Over the last 52-week period, shares are up 0.75%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Hormel Foods visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.