Hormel Foods Earnings: What Investors Should Watch

Hormel Foods (NYSE:HRL) will report earnings before markets open on Thursday, August 22nd. Hormel Foods Corporation manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods. Hormel markets its products around the world under a variety of branded names.

Here is your Cheat Sheet to Hormel Foods Earnings:

Earnings Expectations: Analysts expect earnings of $0.45 per share on revenues of $2.12 billion. Currently, the company’s P/E ratio stands at 22.97.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.56 to a profit $0.53. For the current year, the average estimate is a profit of $1.95, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Hormel Foods has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,755 6,534 7,221 7,895 8,231
Diluted EPS ($) 1.04 1.26 1.46 1.74 1.86

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013 Apr. 30, 2013
Revenue ($) in millions 2,008.19 2,170.18 2,116.24 2,152.69
Diluted EPS ($) 0.41 0.49 0.48 0.46

Past Performance:
Hormel Foods has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)