Insights Into Hormel (HRL) Q4: Wall Street Projections for Key Metrics

Core Insights - Hormel Foods (HRL) is expected to report quarterly earnings of $0.43 per share, reflecting a 2.4% increase year-over-year, while revenues are forecasted at $3.14 billion, indicating a 1.9% decrease compared to the previous year [1] Earnings Projections - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [2] Analyst Forecasts - Analysts predict 'Net Sales- Retail' to be $1.88 billion, a decrease of 5.1% from the prior-year quarter [4] - 'Net Sales- International' is expected to reach $186.15 million, reflecting a 2% increase year-over-year [4] - 'Net Sales- Foodservice' is forecasted at $1.08 billion, indicating a 5% increase compared to the previous year [4] Segment Profit Estimates - 'Segment Profit- Foodservice' is anticipated to be $171.19 million, up from $167.57 million in the same quarter last year [5] - 'Segment Profit- International' is expected to reach $21.05 million, compared to $9.51 million reported in the same quarter last year [5] - 'Segment Profit- Retail' is projected at $137.27 million, an increase from $118.66 million in the prior year [6] Stock Performance - Over the past month, Hormel shares have returned +4.3%, outperforming the Zacks S&P 500 composite's +3.8% change, with a Zacks Rank of 3 (Hold), suggesting performance in line with the overall market [7]