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Tyson Foods (TSN) Reports Q1: Everything You Need To Know Ahead Of Earnings

StockStory - Sun Feb 4, 1:01AM CST

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Meat company Tyson Foods (NYSE:TSN) will be reporting results today before the bell. Here's what to look for.

Last quarter Tyson Foods reported revenues of $13.35 billion, down 2.8% year on year, missing analyst expectations by 2.7%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.

Is Tyson Foods buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Tyson Foods's revenue to be flat year on year at $13.26 billion, slowing down from the 2.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 per share.

Tyson Foods Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing two upward and two downward revisions over the last thirty days. The company missed Wall St's revenue estimates four times over the last two years.

Looking at Tyson Foods's peers in the packaged food segment, some of them have already reported Q1 earnings results, giving us a hint what we can expect. Simply Good Foods delivered top-line growth of 2.6% year on year, missing analyst estimates by 0.2% and Post reported revenues up 25.5% year on year, exceeding estimates by 2.4%. Simply Good Foods traded up 1.4% on the results, and Post was up 4.8%.

Read our full analysis of Simply Good Foods's results here and Post's results here.

Investors in the packaged food segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Tyson Foods is up 2.7% during the same time, and is heading into the earnings with analyst price target of $55.7, compared to share price of $56.4.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.

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