Tyson Foods Earnings: Here’s Why Investors Like These Results

Tyson Foods Inc. (NYSE:TSN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.26%.

Tyson Foods Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 38% to $0.69 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Rose 5.09% to $8.73 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tyson Foods Inc. reported adjusted EPS income of $0.69 per share. By that measure, the company beat the mean analyst estimate of $0.60. It beat the average revenue estimate of $8.65 billion.

Quoting Management: “As expected, we are delivering robust results in the second half of our fiscal year.” said Donnie Smith, Tyson’s president and chief executive officer. “We produced strong earnings of 69 cents per share while investing in our people, processes and new businesses and continuing to buy back stock. Our Chicken segment achieved record operating income, and our Beef segment rebounded to generate solid returns.”

Key Stats (on next page)…

Revenue increased 3.71% from $8.42 billion in the previous quarter. EPS increased 91.67% from $0.36 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.63 to a profit $0.69. For the current year, the average estimate has moved up from a profit of $2.09 to a profit of $2.12 over the last ninety days.

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