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General Mills Q4 Earnings Coming Up: What Investors Need to Understand
ZACKS· 2025-06-19 14:01
Core Viewpoint - General Mills, Inc. (GIS) is expected to report a decline in both revenue and earnings for the fourth quarter of fiscal 2025, with earnings per share (EPS) estimated at 71 cents, reflecting a 29.7% decrease year-over-year, and revenues projected at $4.6 billion, indicating a 2.4% decline from the previous year [1][2][4]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for GIS's quarterly earnings is 71 cents per share, down 29.7% from the same quarter last year [1]. - The consensus estimate for quarterly revenues is $4.6 billion, which represents a 2.4% decrease from the year-ago quarter [1]. - For fiscal 2025, the earnings estimate is $4.19 per share, reflecting a decline of 7.3% from the prior year's figure, while the revenue estimate is $19.5 billion, indicating a 1.6% decline [1][4]. Group 2: Market Challenges - GIS is facing a highly competitive and price-sensitive food industry environment, with elevated grocery inflation impacting consumer spending and leading to a shift towards lower-cost private label brands [2]. - The company is experiencing macroeconomic and operational challenges, particularly in international markets like China, where consumer demand is subdued [3]. - Retailer inventory pressures in North America and sluggish trends in U.S. snacking categories are compounding the company's difficulties [3]. Group 3: Future Outlook - GIS has provided a cautious outlook for fiscal 2025, forecasting a decline in organic net sales between 2% and 1.5% [4]. - The company anticipates a full-year adjusted operating profit and EPS decline of 7% to 8% in constant currency, reflecting lower revenue expectations [4][5]. - Despite implementing cost-saving initiatives, persistent inflationary pressures and weakening consumer demand continue to challenge GIS's performance [5].
Accenture Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-17 15:20
Core Insights - Accenture plc is set to release its third-quarter earnings results on June 20, with expected earnings of $3.32 per share, an increase from $3.13 per share in the same period last year [1] - The company anticipates quarterly revenue of $17.3 billion, up from $16.47 billion a year earlier [1] - Accenture announced the acquisition of Japan-based Yumemi to enhance its digital product and service offerings [2] Analyst Ratings - JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating and has raised the price target from $349 to $353 [5] - Morgan Stanley analyst James Faucette holds an Equal-Weight rating and has reduced the price target from $372 to $340 [5] - Barclays analyst Ramsey El-Assal keeps an Overweight rating while lowering the price target from $415 to $390 [5] - Baird analyst David Koning maintains an Outperform rating and has cut the price target from $390 to $372 [5] - BMO Capital analyst Keith Bachman holds a Market Perform rating and has decreased the price target from $425 to $370 [5]
Korn Ferry Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-16 14:57
Group 1 - Korn Ferry is set to release its fourth-quarter earnings results on June 18, with expected earnings of $1.26 per share, unchanged from the previous year [1] - The projected quarterly revenue for Korn Ferry is $689.89 million, slightly down from $690.80 million a year earlier [1] - In the third quarter, Korn Ferry reported flat revenue year over year at $676.5 million, exceeding the consensus estimate of $650.4 million [2] Group 2 - Korn Ferry's fee revenue for the third quarter was $668.7 million, also flat year over year [2] - The company's shares fell by 3.2%, closing at $66.59 [2] - Recent analyst ratings include a Neutral rating from UBS with a price target cut from $75 to $74, a Buy rating from Truist Securities with a price target cut from $84 to $80, and an Outperform rating from Baird with a price target increase from $72 to $79 [6]
GitLab Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-10 12:02
Earnings Report - GitLab Inc. is set to release its first-quarter earnings results on June 10, with expected earnings of 15 cents per share, an increase from 3 cents per share in the same period last year [1] - The projected quarterly revenue for GitLab is $213.21 million, compared to $169.19 million a year earlier [1] Recent Performance - On March 3, GitLab reported quarterly earnings of 33 cents per share, surpassing the analyst consensus estimate of 23 cents [2] - GitLab shares experienced a slight decline of 0.3%, closing at $48.64 on the preceding Monday [2] Analyst Ratings - Wells Fargo analyst Michael Turrin maintained an Overweight rating but reduced the price target from $85 to $65 [4] - Keybanc analyst Eric Heath also maintained an Overweight rating, lowering the price target from $80 to $60 [4] - DA Davidson analyst Gil Luria kept a Neutral rating and cut the price target from $60 to $45 [4] - Truist Securities analyst Joel Fishbein maintained a Buy rating while slashing the price target from $90 to $80 [4] - JP Morgan analyst Pinjalim Bora maintained a Neutral rating and reduced the price target from $65 to $62 [4]
Verint Systems Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-04 08:48
Group 1 - Verint Systems Inc. is set to release its first-quarter earnings results on June 4, with expected earnings of 23 cents per share, a decrease from 59 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $194.22 million, down from $221.28 million a year earlier [1] - On May 28, Verint announced a $13 million multi-year deal with a leading U.S. insurance company, which contributed to a 3.4% increase in its share price, closing at $17.81 [2] Group 2 - Analyst Daniel Ives from Wedbush maintained an Outperform rating but reduced the price target from $38 to $30 [5] - Evercore ISI Group's Peter Levine kept an In-Line rating and lowered the price target from $34 to $23 [5] - TD Cowen's Shaul Eyal maintained a Buy rating while cutting the price target from $40 to $36 [5]
Signet Jewelers Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-02 13:20
Group 1 - Signet Jewelers Limited is set to release its first-quarter earnings results on June 3, with expected earnings of $1.04 per share, a decrease from $1.11 per share in the same period last year [1] - The company anticipates quarterly revenue of $1.52 billion, slightly up from $1.51 billion a year earlier [1] - In the fourth quarter, Signet reported a sales decline of 5.8% year-on-year to $2.35 billion, surpassing the analyst consensus estimate of $2.33 billion [2] Group 2 - Signet Jewelers shares experienced a 0.5% decline, closing at $66.57 [2] - Analyst Dana Telsey from Telsey Advisory Group maintained a Market Perform rating with a price target of $62 [7] - Wells Fargo analyst Ike Boruchow raised the price target from $60 to $70 while maintaining an Equal-Weight rating [7] - B of A Securities analyst Lorraine Hutchinson cut the price target from $95 to $65, maintaining a Neutral rating [7]
These Analysts Slash Their Forecasts On HP Following Downbeat Earnings
Benzinga· 2025-05-29 15:32
Core Viewpoint - HP Inc reported weaker-than-expected earnings for the second quarter, with adjusted earnings per share missing analyst estimates despite revenue slightly exceeding expectations [1][3]. Financial Performance - HP reported second-quarter revenue of $13.22 billion, surpassing analyst estimates of $13.15 billion [1]. - The company reported adjusted earnings of 71 cents per share, falling short of the expected 80 cents per share [1]. Future Outlook - For the third quarter, HP expects adjusted earnings to be between 68 cents and 80 cents per share, compared to analyst estimates of 90 cents per share [3]. - The full-year adjusted earnings outlook has been revised down from a range of $3.45 to $3.75 per share to a new range of $3 to $3.30 per share, while analysts had anticipated full-year adjusted earnings of $3.49 per share [3]. Market Reaction - Following the earnings announcement, HP shares fell by 6.4%, trading at $25.42 [3]. Analyst Ratings - JP Morgan analyst Samik Chatterjee maintained an Overweight rating on HP but lowered the price target from $30 to $27 [8]. - Barclays analyst Tim Long maintained an Equal-Weight rating and cut the price target from $36 to $28 [8].
Costco Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-05-29 12:34
Core Viewpoint - Costco Wholesale Corporation is set to release its third-quarter earnings results, with expectations of increased earnings and revenue compared to the previous year [1]. Financial Performance - Analysts predict Costco will report quarterly earnings of $4.23 per share, an increase from $3.78 per share in the same quarter last year [1]. - Projected quarterly revenue is expected to be $63.1 billion, up from $58.52 billion a year earlier [1]. - The company beat revenue estimates in the second quarter but has only surpassed analyst estimates in four of the last ten quarters overall [2]. Stock Performance - Costco shares experienced a slight decline of 0.5%, closing at $1,013.14 [3]. Analyst Ratings - Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating with a price target of $1,100 [8]. - Loop Capital analyst Laura Champine has a Buy rating but reduced the price target from $1,150 to $1,045 [8]. - Stifel analyst Mark Astrachan also holds a Buy rating, lowering the price target from $1,075 to $1,035 [8]. - Evercore ISI Group analyst Greg Melich maintains an Outperform rating and raised the price target from $1,050 to $1,070 [8]. - Truist Securities analyst Scot Ciccarelli has a Hold rating and increased the price target from $935 to $995 [8].
Abercrombie & Fitch Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-05-28 06:48
Group 1 - Abercrombie & Fitch Co. is set to release its first-quarter earnings results on May 28, with expected earnings of $1.33 per share, a decrease from $2.14 per share in the same period last year [1] - The company anticipates quarterly revenue of $1.06 billion, an increase from $1.02 billion a year earlier [1] - In the fourth quarter, Abercrombie & Fitch reported adjusted earnings per share of $3.57, surpassing the analyst consensus of $3.52, with quarterly sales of $1.585 billion exceeding estimates of $1.563 billion [2] Group 2 - Analyst ratings for Abercrombie & Fitch show varied opinions, with Raymond James maintaining an Outperform rating and lowering the price target from $110 to $90 [7] - JP Morgan also maintained an Overweight rating but cut the price target from $155 to $142 [7] - UBS increased its price target from $115 to $130 while maintaining a Buy rating [7] - Barclays initiated coverage with an Equal-Weight rating and a price target of $71 [7] - Citigroup maintained a Buy rating but lowered the price target from $135 to $98 [7]
Autodesk Analysts Boost Their Forecasts After Better-Than-Expected Q1 Earnings
Benzinga· 2025-05-23 17:10
Core Insights - Autodesk Inc. reported better-than-expected first-quarter financial results, with earnings of $2.29 per share and revenue of $1.63 billion, surpassing analyst estimates [1][2] - The company issued strong guidance for the second quarter, expecting adjusted EPS between $2.44 and $2.48 and revenue between $1.72 billion and $1.73 billion, both above analyst estimates [2] - Autodesk raised its fiscal 2026 adjusted EPS guidance to a range of $9.50 to $9.73 and revenue guidance to between $6.92 billion and $7 billion, also exceeding estimates [3] Analyst Ratings and Price Targets - Rosenblatt analyst maintained a Buy rating and raised the price target from $340 to $345 [8] - DA Davidson maintained a Neutral rating and increased the price target from $265 to $305 [8] - Morgan Stanley maintained an Overweight rating and raised the price target from $330 to $370 [8] - Keybanc maintained an Overweight rating and increased the price target from $323 to $350 [8] - Barclays maintained an Overweight rating and raised the price target from $325 to $355 [8] - Stifel maintained a Buy rating and increased the price target from $310 to $350 [8] - BMO Capital maintained a Market Perform rating and raised the price target from $324 to $333 [8] - Goldman Sachs maintained a Neutral rating and boosted the price target from $270 to $300 [8] - B of A Securities maintained a Neutral rating and raised the price target from $290 to $330 [8]