Earnings Preview: General Mills (GIS) Q4 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for General Mills due to lower revenues, with the actual results being crucial for near-term stock price movements [1][2]. Earnings Expectations - General Mills is expected to report quarterly earnings of $0.71 per share, reflecting a year-over-year decrease of 29.7%, with revenues projected at $4.6 billion, down 2.4% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.44% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for General Mills is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.80%. However, the stock has a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - General Mills has consistently beaten consensus EPS estimates in the past four quarters, with a notable surprise of +5.26% in the last reported quarter [13][14]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock price movements, as other factors can influence investor sentiment [15]. Investment Considerations - While General Mills may not appear as a strong candidate for an earnings beat, investors should consider additional factors before making investment decisions [17].