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Hormel Foods (HRL) Misses Q1 Earnings Estimates
HRLHormel Foods(HRL) ZACKS·2025-02-27 13:45

Core Viewpoint - Hormel Foods reported quarterly earnings of 0.35pershare,missingtheconsensusestimateof0.35 per share, missing the consensus estimate of 0.37 per share, and down from 0.41pershareayearago[1][2]FinancialPerformance−Thecompanypostedrevenuesof0.41 per share a year ago [1][2] Financial Performance - The company posted revenues of 2.99 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.68%, but down from 3billionyear−over−year[3]−HormelhassurpassedconsensusEPSestimatestwotimesoverthelastfourquarters,whileithastoppedconsensusrevenueestimatesjustonce[2][3]StockPerformance−Hormelshareshavedeclinedapproximately8.43 billion year-over-year [3] - Hormel has surpassed consensus EPS estimates two times over the last four quarters, while it has topped consensus revenue estimates just once [2][3] Stock Performance - Hormel shares have declined approximately 8.4% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [4] - The current Zacks Rank for Hormel is 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.38 on revenues of 2.9billion,andforthecurrentfiscalyear,itis2.9 billion, and for the current fiscal year, it is 1.65 on revenues of $12.02 billion [8] - The trend of estimate revisions for Hormel is mixed, which could change following the recent earnings report [7] Industry Context - The Food - Meat Products industry, to which Hormel belongs, is currently in the top 8% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]