Insights Into Hormel (HRL) Q1: Wall Street Projections for Key Metrics

Core Viewpoint - Hormel Foods (HRL) is expected to report quarterly earnings of $0.33 per share, reflecting a 5.7% decline year-over-year, while revenues are forecasted to increase by 2.4% to $3.06 billion [1] Group 1: Earnings and Revenue Estimates - Analysts project quarterly earnings of $0.33 per share for Hormel Foods, indicating a decline of 5.7% compared to the same period last year [1] - Revenue estimates for Hormel Foods are set at $3.06 billion, which represents a year-over-year increase of 2.4% [1] - There has been no revision in the consensus EPS estimate over the past 30 days, indicating stability in analysts' projections [1] Group 2: Segment Sales Projections - 'Net Sales- Retail' is projected to reach $1.94 billion, reflecting a year-over-year increase of 2.5% [4] - 'Net Sales- International' is estimated at $179.20 million, indicating a 6.4% increase from the previous year [4] - 'Net Sales- Foodservice' is forecasted to be $981.56 million, showing a year-over-year change of 5.5% [4] Group 3: Segment Profit Estimates - The estimated 'Segment Profit- Foodservice' is $137.30 million, down from $138.83 million in the same quarter last year [5] - 'Segment Profit- International' is projected at $21.72 million, an increase from $20.85 million reported in the previous year [5] - Analysts forecast 'Segment Profit- Retail' to be $106.80 million, a decrease from $119.15 million in the same quarter last year [5] Group 4: Stock Performance - Over the past month, shares of Hormel Foods have returned -2.2%, compared to a -0.3% change in the Zacks S&P 500 composite [6] - Hormel Foods currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]