General Mills Inc reports results for the quarter ended August 31 - Earnings Summary

• General Mills Inc GIS.N reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 73 cents to 86 cents per share.

• Revenue fell 2.8% to $4.61 billion from a year ago; analysts expected $4.59 billion.

• General Mills Inc's reported EPS for the quarter was a loss of $3.74​.

• The company reported a quarterly loss of $2.01 billion.

• General Mills Inc shares had risen by 1.9% this quarter and lost 23.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 14 "hold" and 4 "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 General Mills Inc is $38.00, about 6.7% above its last closing price of $35.45

This summary was machine generated from LSEG data September 23 at 03:09 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)