General Mills (GIS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended February 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 20 ...

General Mills (GIS) closed the most recent trading day at $65.66, moving +0.61% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.11%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.41%.Heading into today, shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods had gained 4.68% over the past month, outpacing the Consumer Staples sector's gain of 0.25% and the S&P 500's gain of 2.7% in that time.Investors wil ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider General Mills (GIS) . This company, which is in the Zacks Food - Miscellaneous industry, shows potential for another earnings beat.When looking at the last two reports, this maker of Cheerios cereal, Yoplait yogurt and other packaged foods has recorded a strong streak of surpassing earnings estimates. The company has topped es ...

Zacks Premium Features - Zacks Premium provides daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to help investors make informed decisions [1] - The service includes Zacks Style Scores, which are complementary indicators designed to help investors pick stocks with the best chances of outperforming the market over the next 30 days [1] - Each stock is rated from A to F based on value, growth, and momentum qualities, with higher scores indicating better potential for outperformance [1] Zacks Style Scores Breakdown - **Value Score**: Focuses on identifying undervalued stocks using metrics like P/E, PEG, Price/Sales, and Price/Cash Flow ratios [2] - **Growth Score**: Evaluates a company's financial strength, health, and future outlook by analyzing projected and historic earnings, sales, and cash flow [2] - **Momentum Score**: Identifies stocks with upward or downward trends in price or earnings outlook using factors like one-week price change and monthly percentage change in earnings estimates [2] - **VGM Score**: Combines Value, Growth, and Momentum Scores to provide a weighted rating, helping investors find stocks with the most attractive value, growth forecast, and momentum [3] Zacks Rank and Style Scores Integration - The Zacks Rank uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks delivering an average annual return of +25.41% since 1988 [4] - Style Scores complement the Zacks Rank by narrowing down the selection of top-rated stocks, making it easier for investors to align their choices with their goals [4] - Stocks with a Zacks Rank 1 or 2 and Style Scores of A or B offer the highest probability of success, while 3 (Hold) stocks should also have Scores of A or B to maximize upside potential [5] - Stocks with a 4 (Sell) or 5 (Strong Sell) rating, even with high Style Scores, are likely to have declining earnings forecasts and share prices [5] General Mills (GIS) Analysis - General Mills is a global manufacturer and marketer of branded consumer foods, including ready-to-eat cereals, snacks, and baking products, with a presence in retail, foodservice, and commercial baking industries [6] - GIS holds a Zacks Rank 3 (Hold) and a VGM Score of B, with a Value Style Score of B due to attractive valuation metrics like a forward P/E ratio of 14.37 [6] - For fiscal 2024, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate increased to $4.49 per share, with an average earnings surprise of 5.7% [6] - With a solid Zacks Rank and strong Value and VGM Style Scores, GIS is a stock worth considering for investors [7]

General Mills (GIS) closed the most recent trading day at $64.37, moving +0.67% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.12% for the day. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.41%.Shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods witnessed a loss of 1.33% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 1.3% and the S&P 500's gain of 4.83%.The inve ...

General Mills (GIS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of Cheerios cereal, Yoplait yogurt and other packaged foods have returned -0.9% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Food - Miscellaneous industry, to which General Mills belongs, has gained 0.7% over this period. Now the key question is: Where could the ...

General Mills (GIS) closed at $64.21 in the latest trading session, marking a -1.22% move from the prior day. This change lagged the S&P 500's daily gain of 0.17%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.37%.Shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods have appreciated by 1.15% over the course of the past month, underperforming the Consumer Staples sector's gain of 1.61% and the S&P 500's gain of 3.8%.The investment community will be clos ...

General Mills, Inc. (NYSE:GIS) 2024 CAGNY Virtual Conference Call February 20, 2024 8:00 AM ET Company Participants Timothy Gamache - Weiss Multi-Strategy Advisers Jeff Siemon - VP, IR Jeff Harmening - Chairman and CEO Kofi Bruce - CFO, Interim Chief Strategy and Growth Officer Conference Call Participants Kenneth Goldman - J.P. Morgan Robert Moskow - TD Cowen Bryan Spillane - Bank of America Securities Thomas Palmer - Citigroup Inc. Max Gumport - BNP Paribas Timothy Gamache In keeping with a very long stan ...

CAGNY 2024 February 20, 2024 Jeff Harmening Chairman and Chief Executive Officer ...

Core Viewpoint - General Mills is committed to its Accelerate strategy aimed at achieving long-term sustainable growth and delivering top-tier shareholder returns while reaffirming its financial outlook for fiscal 2024 [1][5]. Group 1: Accelerate Strategy and Financial Performance - The Accelerate strategy has successfully driven sustainable, profitable growth, with financial results meeting or exceeding long-term goals over the past five fiscal years [2]. - The company has focused on core markets, global platforms, and local brands, demonstrating agility in response to changing consumer environments [2]. - General Mills has generated a 12 percent compound annual total return to shareholders over the past five years, outperforming its food peer median [4]. Group 2: Sustainable Growth Initiatives - The company is investing in brand building, with nine brands generating over $1 billion in retail sales, and media investment increased by 41 percent from fiscal 2018 to fiscal 2023 [3]. - New product innovation is being prioritized, with launches across various categories, supported by a robust digital infrastructure enhancing E-commerce and data-driven marketing [3]. - General Mills is committed to social responsibility, aiming to advance regenerative agricultural practices on one million acres by 2030, with 500,000 acres already engaged [3]. Group 3: Fiscal 2024 Financial Outlook - For fiscal 2024, organic net sales are projected to be down 1 percent to flat, while adjusted operating profit and adjusted diluted EPS are expected to increase by 4 to 5 percent in constant currency [5]. - Free cash flow conversion is anticipated to be at least 95 percent of adjusted after-tax earnings [5].