Countdown to General Mills (GIS) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Analysts forecast that General Mills (GIS) will report quarterly earnings of $0.79 per share, indicating a year-over-year decline of 21% and revenues of $4.49 billion, a decrease of 7.2% compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised 7.5% lower over the last 30 days, reflecting a collective reevaluation by analysts [2]. - 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 [3]. Key Metrics Estimates - Analysts project 'Net Sales- North America Foodservice' to reach $528.01 million, a change of -4.9% year over year [5]. - 'Net Sales- International' is expected to be $690.80 million, indicating a change of +6.1% from the prior-year quarter [5]. - 'Net Sales- North America Pet' is forecasted at $657.58 million, suggesting a change of +5.4% year over year [5]. - The consensus estimate for 'Net Sales- North America Retail' is $2.56 billion, reflecting a change of -14.8% from the year-ago quarter [6]. - 'Operating Profit- North America Retail' is expected to be $502.02 million, down from $648.10 million reported in the same quarter last year [6]. - Analysts estimate 'Operating Profit- International' at $15.93 million, compared to $18.00 million a year ago [7]. - 'Operating Profit- North America Pet' is projected to reach $115.64 million, up from $102.20 million the previous year [7]. - 'Operating Profit- North America Foodservice' is estimated at $79.97 million, down from $82.30 million year over year [8]. Stock Performance - General Mills shares have decreased by 18.9% in the past month, contrasting with the Zacks S&P 500 composite's decline of 2.3% [8]. - With a Zacks Rank 4 (Sell), GIS is expected to underperform the overall market in the near term [8].