General Mills, Inc. (NYSE:GIS) is reporting fourth quarter financial results on Wednesday 1st July 2020, before market open.
According to analysts surveyed by Thomson Reuters, GIS is expected to report 4Q20 income of $ 1.06 per share from revenue of $ 4962.06 million.
For the full year, analysts anticipate top line of $ 17573.90 million, while looking forward to income of $ 3.56 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 17,034.00 million ~ $ 17,034.00 million, where as bottomline are predicted in a range of $ 3.40 ~ $ 3.50 per share
Stock Performance
According to the previous trading day, closing price of GIS was $ 61.65, representing a 32.32 % increase from the 52 week low of $ 46.59 and a 4.14 % decrease over the 52 week high of $ 64.31.
The company has a market capital of $ 37.37 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
On 11th June 2020, downgraded by Bernstein to Underperform from Market Perform rating, with $ 50.00 target price.
On 13th May 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 69.00 target price.
On 12th May 2020, maintained by Deutsche Bank at Buy rating, with $ 65.00 target price.
On 12th May 2020, maintained by UBS Group at Neutral rating, with $ 60.00 target price.
Conference Call
General Mills, Inc. will be hosting a conference call at 8:30 AM eastern time on 1st July 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website event.on24.com/wcc/r/2395042/C0C9E248B89ACA39B55E622298E5AB2D
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet.
