General Mills Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | September 13, 2024 06:54am

General Mills, Inc. (NYSE:GIS) will release earnings results for its first quarter, before the opening bell on Thursday, Sept. 18.

Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.06 per share, down from $1.09 per share in the year-ago period. General Mills is projected to post revenue of $4.79 billion, according to data from Benzinga Pro.

On Sept. 12, General Mills announced agreements to sell its North American Yogurt business to Lactalis and Sodiaal.

General Mills shares fell 0.2% to close at $73.01 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Mizuho analyst John Baumgartner maintained a Neutral rating and cut the price target from $70 to $62 on July 3. This analyst has an accuracy rate of 68%.
• Evercore ISI Group analyst David Palmer maintained an In-Line rating and slashed the price target from $76 to $72 on June 28. This analyst has an accuracy rate of 65%.
• B of A Securities analyst Bryan Spillane maintained a Neutral rating and slashed the price target from $70 to $68 on June 27. This analyst has an accuracy rate of 66%.
• Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $70 to $67 on June 27. This analyst has an accuracy rate of 63%.
• RBC Capital analyst Nik Modi reiterated a Sector Perform rating with a price target of $70 on June 27. This analyst has an accuracy rate of 67%.

Considering buying GIS stock? Here’s what analysts think:

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Posted In: GIS