Hormel Foods Corporation (NYSE:HRL) is set to announce fourth quarter earning results on Tuesday 24th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HRL to report 4Q20 income of $ 0.44 per share.
For the full year, analysts anticipate top line of $ 9779.25 million, while looking forward to income of $ 1.67 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,500.00 million ~ $ 10,300.00 million, where as bottomline are predicted in a range of $ 1.69 ~ $ 1.83 per share
Click Here For More Historical Outlooks Of Hormel Foods Corporation
Previous Quarter Performance
Hormel Foods Corporation reported income for the third quarter of $ 0.37 per share, from the revenue of $ 2,381.00 million. The quarterly revenues escalated 3.94 percent compared with the same quarter last year. According to street consensus, HRL was expected to report 3Q20 income of $ 0.34 per share from revenue of $ 2365.54 million. The bottom line results beat street analysts by $ 0.03 or 8.82 percent, at the same time, top line results outshined analysts by $ 15.46 million or 0.65 percent.
Stock Performance
Shares of Hormel Foods Corporation traded low $ -0.10 or -0.20 percent on Monday, reaching $ 50.03 with volume of 3.35 million shares. Hormel Foods Corporation has traded high as $ 50.29 and has cracked $ 49.59 on the downward trend
According to the previous trading day, closing price of $ 50.03, representing a 28.51 % increase from the 52 week low of $ 39.01 and a 5.36 % decrease over the 52 week high of $ 52.97.
The company has a market capital of $ 27.00 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Conference Call
Hormel Foods Corporation will be hosting a conference call at 10:00 AM eastern time on 24th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 888-317-6003 Toll Free or 888-317-6003 (International), and the passcode is 5831860 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.hormelfoods.com
Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.
