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Market Impact: 0.35

General Mills (GIS) Lags Q3 Earnings and Revenue Estimates

GIS
Corporate EarningsAnalyst EstimatesCompany FundamentalsConsumer Demand & Retail

General Mills reported quarterly EPS of $0.64, missing the Zacks consensus of $0.74 (a $0.10 or ~13.5% shortfall) and down from $1.00 a year ago (a ~36% YoY decline). The shortfall signals notable earnings weakness for the consumer staples company and is likely to put near-term pressure on the stock absent offsetting guidance or other positives.

Analysis

General Mills reported quarterly EPS of $0.64, missing the Zacks consensus of $0.74 (a $0.10 or ~13.5% shortfall) and down from $1.00 a year ago (a ~36% YoY decline). The shortfall signals notable earnings weakness for the consumer staples company and is likely to put near-term pressure on the stock absent offsetting guidance or other positives.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.55

Ticker Sentiment

GIS-0.80