• Hormel Foods Corp HRL.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended October 31, identical to the same quarter last year. The mean expectation of ten analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 41 cents to 44 cents per share.

• Revenue fell 1.9% to $3.14 billion from a year ago; analysts expected $3.14 billion.

• Hormel Foods Corp's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $220.2 million.

• Hormel Foods Corp shares had risen by 0.4% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "hold"

Wall Street's median 12-month price target for Hormel Foods Corp is $32.00

This summary was machine generated from LSEG data December 4 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)