General Mills (NYSE:GIS), the company behind popular brands such as Cheerios cereal and Yoplait yogurt, has seen its shares appreciate by 3.65% over the past month, outperforming the Consumer Staples sector and the S&P 500. This comes despite a -0.21% change in its closing price on Thursday, which lagged behind the S&P 500's 1.05% gain, Dow's 0.67%, and Nasdaq's 1.64%.
The upcoming earnings report is projected to show an earnings per share (EPS) of $1.16 and revenue of $5.39 billion. These figures represent increases of 5.45% and 3.2% respectively from the same quarter last year.
Looking at the bigger picture, annual Zacks Consensus Estimates predict a growth of +4.19% in earnings per share, amounting to $4.48, and a +2.71% increase in revenue, expected to reach $20.64 billion from last year.
However, there has been a slight downward shift in the Zacks Consensus EPS estimate over the past month, with a decrease of 0.11%. This reflects evolving short-term business trends impacting General Mills.
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