• Hormel Foods Corp HRL.N reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of eight analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 36 cents to 39 cents per share.

• Revenue fell 0.3% to $2.99 billion from a year ago; analysts expected $2.94 billion.

• Hormel Foods Corp's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $170.58 million.

• Hormel Foods Corp shares had fallen by 8.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.3% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and 3 "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 $31.66

This summary was machine generated from LSEG data February 27 at 02:30 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)