Advertisement
Singapore markets closed
  • Straits Times Index

    3,324.53
    +17.09 (+0.52%)
     
  • S&P 500

    5,421.03
    +45.71 (+0.85%)
     
  • Dow

    38,712.21
    -35.21 (-0.09%)
     
  • Nasdaq

    17,608.44
    +264.89 (+1.53%)
     
  • Bitcoin USD

    67,812.80
    -61.62 (-0.09%)
     
  • CMC Crypto 200

    1,426.48
    +13.53 (+0.96%)
     
  • FTSE 100

    8,174.05
    -41.43 (-0.50%)
     
  • Gold

    2,331.50
    -23.30 (-0.99%)
     
  • Crude Oil

    77.84
    -0.66 (-0.84%)
     
  • 10-Yr Bond

    4.2950
    -0.1090 (-2.48%)
     
  • Nikkei

    38,720.47
    -156.24 (-0.40%)
     
  • Hang Seng

    18,112.63
    +174.79 (+0.97%)
     
  • FTSE Bursa Malaysia

    1,610.17
    +1.22 (+0.08%)
     
  • Jakarta Composite Index

    6,831.56
    -18.53 (-0.27%)
     
  • PSE Index

    6,390.83
    -19.24 (-0.30%)
     

Hormel (HRL) Reports Q2 Earnings: What Key Metrics Have to Say

For the quarter ended April 2023, Hormel Foods (HRL) reported revenue of $2.98 billion, down 3.8% over the same period last year. EPS came in at $0.40, compared to $0.48 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.06 billion, representing a surprise of -2.78%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.39.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Hormel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Volume - Total: 1099.56 Mlbs versus the two-analyst average estimate of 1092.55 Mlbs.

  • Volume - International: 78.66 Mlbs versus 77.69 Mlbs estimated by two analysts on average.

  • Volume - Foodservice: 254.58 Mlbs compared to the 260.96 Mlbs average estimate based on two analysts.

  • Volume - Retail: 766.33 Mlbs versus the two-analyst average estimate of 753.91 Mlbs.

  • Net Sales- Retail: $1.92 billion versus $1.96 billion estimated by three analysts on average.

  • Net Sales- International: $179.96 million versus $191.75 million estimated by three analysts on average.

  • Net Sales- Foodservice: $881.44 million versus the three-analyst average estimate of $931.93 million.

  • Segment Profit- Retail: $153.23 million versus $165.52 million estimated by two analysts on average.

  • Segment Profit- International: $13.60 million compared to the $109.38 million average estimate based on two analysts.

  • Segment Profit- Foodservice: $145.40 million compared to the $139.69 million average estimate based on two analysts.

View all Key Company Metrics for Hormel here>>>

Shares of Hormel have returned -5.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Hormel Foods Corporation (HRL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research