Tyson Foods, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tyson Foods, Inc. (NYSE:TSN) will unveil its latest earnings on Monday, May 7, 2012. Tyson Foods and its subsidiaries produce, distribute and market chicken, beef, pork, prepared foods and related products.

Tyson Foods, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 38 cents per share, a decline of 9.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 46 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 38 cents during the last month. For the year, analysts are projecting net income of $1.99 per share, a rise of 5.3% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 42 cents per share against a mean estimate of net income of 33 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 6 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.1% in revenue from the year-earlier quarter to $8.49 billion.

Analyst Ratings: Analysts are bullish on this stock, with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the first quarter, profit fell 47.7% to $156 million (42 cents a share) from $298 million (78 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.4% to $8.33 billion from $7.62 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 15.7% in the second quarter of the last fiscal year, 10.9% in the third quarter of the last fiscal year and 12.9% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

The company is trying to stem some negative momentum heading into this earnings announcement. Profit has dropped by a year-over-year average of 30.8% over the past four quarters.

Stock Price Performance: Between April 2, 2012 and May 1, 2012, the stock price dropped $1.09 (-5.6%), from $19.44 to $18.35. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 1, 2011, when shares rose for eight straight days, increasing 6.8% (+$1.24) over that span. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 7% (-$1.36) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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