![]() ![]() There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While General Mills has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? General Mills shares have lost about 3.5% since the beginning of the year versus the S&P 500's gain of 14%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ![]() The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $4.89 billion. General Mills, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $5.03 billion for the quarter ended May 2023, missing the Zacks Consensus Estimate by 2.94%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. A quarter ago, it was expected that this maker of Cheerios cereal, Yoplait yogurt and other packaged foods would post earnings of $0.91 per share when it actually produced earnings of $0.97, delivering a surprise of 6.59%. This quarterly report represents an earnings surprise of 6.67%. These figures are adjusted for non-recurring items. This compares to earnings of $1.12 per share a year ago. General Mills ( GIS Quick Quote GIS - Free Report) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.05 per share. ![]()
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