Minneapolis, Minnesota-based General Mills, Inc. (GIS) manufactures and markets branded consumer foods worldwide. With a market cap of $27.7 billion, the company operates through four segments: North America Retail, International, Pet, and North America Foodservice. GIS is slated to release its Q1 earnings on Wednesday, Sept. 17.
Ahead of the event, analysts expect GIS to report a profit of $0.81 per share, down 24.3% from $1.07 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in each of the past four quarters, which is impressive.
For the current year, analysts expect GIS to report EPS of $3.66, down 13.1% from $4.21 in fiscal 2024. However, analysts expect its earnings to surge 4.4% year-over-year to $3.82 per share in fiscal 2026.
Over the past year, GIS shares declined 24.8%, underperforming the S&P 500 Index’s ($SPX) 17.1% gains and the Consumer Staples Select Sector SPDR Fund’s (XLP) 2.8% returns over the same time frame.
On Jun. 26, GS stock increased by more than 1% after RBC Capital Markets upgraded the stock to "Outperform" from "Sector perform" with a price target of $63.
The consensus opinion on GIS stock is skeptical, with an overall “Hold” rating. Out of the 20 analysts covering the stock, opinions include four “Strong Buys,” one “Moderate Buy,” 13 “Holds,” and two “Strong Sells.” The mean price target of $55.15 indicates a 10.6% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
