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Compared to Estimates, Hormel (HRL) Q3 Earnings: A Look at Key Metrics
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Hormel Foods (HRL - Free Report) reported $2.96 billion in revenue for the quarter ended July 2023, representing a year-over-year decline of 2.3%. EPS of $0.40 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of -4.65% over the Zacks Consensus Estimate of $3.11 billion. With the consensus EPS estimate being $0.41, the EPS surprise was -2.44%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hormel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Volume - Retail: 748.15 Mlbs compared to the 742.83 Mlbs average estimate based on two analysts.
Volume - Total: 1094.52 Mlbs compared to the 1091.99 Mlbs average estimate based on two analysts.
Volume - International: 90.55 Mlbs versus 83.88 Mlbs estimated by two analysts on average.
Volume - Foodservice: 255.82 Mlbs versus 265.28 Mlbs estimated by two analysts on average.
Net Sales- Retail: $1.89 billion compared to the $1.95 billion average estimate based on three analysts.
Net Sales- International: $180.61 million compared to the $204.32 million average estimate based on three analysts.
Net Sales- Foodservice: $890.95 million versus the three-analyst average estimate of $933.53 million.
Segment Profit- Foodservice: $146.27 million versus the three-analyst average estimate of $139.44 million.
Segment Profit- International: $12.22 million versus $22.33 million estimated by three analysts on average.
Segment Profit- Retail: $151.13 million versus the three-analyst average estimate of $164.98 million.
Shares of Hormel have returned -4.2% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Hormel (HRL) Q3 Earnings: A Look at Key Metrics
Hormel Foods (HRL - Free Report) reported $2.96 billion in revenue for the quarter ended July 2023, representing a year-over-year decline of 2.3%. EPS of $0.40 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of -4.65% over the Zacks Consensus Estimate of $3.11 billion. With the consensus EPS estimate being $0.41, the EPS surprise was -2.44%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hormel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Volume - Retail: 748.15 Mlbs compared to the 742.83 Mlbs average estimate based on two analysts.
- Volume - Total: 1094.52 Mlbs compared to the 1091.99 Mlbs average estimate based on two analysts.
- Volume - International: 90.55 Mlbs versus 83.88 Mlbs estimated by two analysts on average.
- Volume - Foodservice: 255.82 Mlbs versus 265.28 Mlbs estimated by two analysts on average.
- Net Sales- Retail: $1.89 billion compared to the $1.95 billion average estimate based on three analysts.
- Net Sales- International: $180.61 million compared to the $204.32 million average estimate based on three analysts.
- Net Sales- Foodservice: $890.95 million versus the three-analyst average estimate of $933.53 million.
- Segment Profit- Foodservice: $146.27 million versus the three-analyst average estimate of $139.44 million.
- Segment Profit- International: $12.22 million versus $22.33 million estimated by three analysts on average.
- Segment Profit- Retail: $151.13 million versus the three-analyst average estimate of $164.98 million.
View all Key Company Metrics for Hormel here>>>Shares of Hormel have returned -4.2% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.