General Mills(US:GIS) ZACKS·2024-12-13 15:15Core Viewpoint - General Mills is expected to report a quarterly earnings per share (EPS) of $1.22, indicating a 2.4% decline year-over-year, while revenues are projected to increase by 0.5% to $5.16 billion [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 0.3% over the last 30 days, reflecting analysts' reevaluation of their initial projections [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock performance [3]. Revenue and Sales Projections - Analysts predict 'Net Sales- North America Foodservice' will reach $599.50 million, a 3% increase year-over-year [5]. - 'Net Sales- International' is expected to be $713.92 million, reflecting a 4.5% increase year-over-year [5]. - The consensus estimate for 'Net Sales- Pet' stands at $566.81 million, indicating a slight decline of 0.4% year-over-year [5]. Operating Profit Estimates - 'Net Sales- North America Retail' is estimated at $3.29 billion, showing a decrease of 0.6% from the previous year [6]. - 'Operating Profit- North America Retail' is projected at $833.27 million, down from $859.90 million in the same quarter last year [6]. - 'Operating Profit- International' is estimated at $30.31 million, compared to $34.60 million from the previous year [7]. - 'Operating Profit- Pet' is expected to reach $110.71 million, up from $102.50 million in the same quarter last year [7]. - 'Operating Profit- North America Foodservice' is projected at $97.52 million, slightly above the year-ago figure of $95.50 million [8]. Stock Performance - Over the past month, General Mills shares have returned +2.1%, outperforming the Zacks S&P 500 composite's +1.3% change [9]. - General Mills currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9].