Tyson Foods Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tyson Foods Inc. (NYSE:TSN) will unveil its latest earnings on Monday, August 8, 2011. Tyson Foods, Inc. 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 estimate of analysts is for profit of 41 cents per share, a decline of 38.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 47 cents. Between one and three months ago, the average estimate moved down and dropped from 42 cents during the last month. For the year, analysts are projecting net income of $1.98 per share, a decline of 9.6% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of 42 cents per share versus a mean estimate of net income of 43 cents per share. In first quarter, the company beat estimates by 13 cents.

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Wall St. Revenue Expectations: On average, analysts predict $8.28 billion in revenue this quarter, a rise of 11.3% from the year ago quarter. Analysts are forecasting total revenue of $31.95 billion for the year, a rise of 12.4% from last year’s revenue of $28.43 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, one rating it as a sell and seven rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 15.7% to $8 billion in second quarter. The figure rose 14.8% in the first quarter from the year earlier, climbed 3.1% in the fourth quarter of the last fiscal year from the year-ago quarter and 11.6% in the third quarter of the last fiscal year.

Competitors to Watch: Smithfield Foods, Inc. (NYSE:SFD), Hormel Foods Corporation (NYSE:HRL), Sanderson Farms, Inc. (NASDAQ:SAFM), Pilgrim’s Pride Corp. (NYSE:PPC), ZHONGPIN INC. (NASDAQ:HOGS), Diamond Ranch Foods, Ltd. (DRFO), Seaboard Corporation (AMEX:SEB), and Energroup Holdings Corp (ENHD).

Stock Price Performance: During July 5, 2011 to August 2, 2011, the stock price had dropped $2.11 (-11%) from $19.24 to $17.13. 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, rising 6.8% (+$1.24) over that span. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six-straight days, falling 8.4% (-$1.59) over that span. Shares are down 2 cents (-0.1%) year to date.

(Source: Xignite Financials)

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