Tyson Foods (NYS: TSN) is expected to report Q3 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Tyson Foods' revenue will increase 5.7% and EPS will increase 19.6%.
The average estimate for revenue is $8.72 billion. On the bottom line, the average EPS estimate is $0.55.
Last quarter, Tyson Foods logged revenue of $8.27 billion. GAAP reported sales were 3.4% higher than the prior-year quarter's $8.00 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.44. GAAP EPS of $0.44 for Q2 were 4.8% higher than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 6.5%, 20 basis points worse than the prior-year quarter. Operating margin was 3.7%, 10 basis points worse than the prior-year quarter. Net margin was 2.0%, about the same as the prior-year quarter.
The full year's average estimate for revenue is $34.01 billion. The average EPS estimate is $1.92.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 269 members out of 339 rating the stock outperform, and 70 members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Tyson Foods a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tyson Foods is hold, with an average price target of $22.92.
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The article Tyson Foods' Upcoming Earnings: What You Need to Know originally appeared on Fool.com.
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