Earnings Announcement is near for General Mills, Inc. (NYSE:GIS)


General Mills, Inc. (NYSE:GIS) moved down -0.25% and closed its last trading session at $60.66. This Consumer Staples Sector stock currently has the Market Capitalization of 35.18 Billion. The Average Volume for the stock is measured as 2.94 Million. The Stock has a 52-Week High of $72.95 and 52-Week Low of $58.7 following the dates, it touched its 52-Week High on Jul 6, 2016 and 52-Week Low on Feb 17, 2017. Currently, the Return on Assets value for the trailing twelve months is 7.5% with the Return on Equity and Return on Investment of 34.5% and 14.6% respectively. This firm currently has YTD (year to date) performance of -1.03 Percent which is not good. The Short Ratio for the stock is 3.7.

General Mills, Inc. (NYSE:GIS) Price to Earnings (P/E) ratio is 22.58. EPS or Earning per Share stands at $2.69. The TTM operating margin is 15.9 percent.

General Mills, Inc. (NYSE:GIS) reports its Earnings on Tue 21 Mar (In 2 Days). The estimated EPS for the current quarter is said to be $0.71. Following Earnings result, share price were UP 16 times out of last 28 Qtrs. The stock has reduced about -3.8% since it reported its last earnings. The Closing price of General Mills, Inc. (NYSE:GIS) at Last Earnings was $63.06 as compared to the previous closing price of $60.81. The Predicted Move on the 7th day after General Mills, Inc. (NYSE:GIS) will release its earnings at about 2%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, General Mills, Inc. (NYSE:GIS) beats earnings by 58%, The Stock Missed Earnings  4  times and has met earnings  1 times.

Earnings History:

We will discuss the past Quarters Earnings below:

General Mills, Inc. (NYSE:GIS) reported its previous quarter on 12/20/2016 where it reported the Actual Earnings of $0.85. The Closing price before the company posted its earnings was $63.06. The Stock declined on the very next day of earnings and maintained its stock price at $61.45 by showing a % change of -2.55 percent from its previous closing price. The Next Day Volume after Earnings was reported as 6.17 Million. On the 7th day After Earnings Report, the stock hit its share price as $62.2 by showing -1.36% decrease from the Stock price Before Earnings were reported.

On 09/21/2016, the stock reported the EPS of $0.78 where Analysts were projecting the EPS to be $0.75 showing a difference of $0.03. Thus Surprise Factor was there with 4 percent. Before Earnings Announcement on 09/21/2016, the firm had its stock price of $64.21. And immediately on the next day after earnings announcement, the stock inclined 0.86% and closed its trading session at $64.76. On 7th Day after earnings release, General Mills, Inc. (NYSE:GIS) dropped to -1.21% from $64.21 to $63.43.

On 06/29/2016, Analysts were suspecting EPS of $0.6/share where General Mills, Inc. (NYSE:GIS) reported its Actual EPS of $0.66. Thus showing a Surprise of 10 percent. The Closing Price of the stock before earnings was $64.83 while on the Next day the stock closed its trading session at $66.9 with a percentage change of 3.19% from the price of 64.83 before Earnings. The Stock Closing Price on the 7th day of earnings was $71.09.

Company Profile:

General Mills, Inc. manufactures and markets branded consumer foods in the United States. It operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. The company offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain and fruit and savory snacks, stable and frozen vegetables, and ice cream and frozen desserts, as well as various organic products, including meal kits, granola bars, and cereal. The company markets its products under the Annie’s, Betty Crocker, Bisquick, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jeno’s, Jus-Rol, Kitano, Kix, La Salteña, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Yoki, and Yoplait names. General Mills, Inc. also supplies branded and unbranded food products to the foodservice and commercial baking industries. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce grocery providers, commercial and noncommercial foodservice distributors and operators, restaurants, and convenience stores, as well as drug, dollar, and discount chains. The company operates 530 ice cream parlors; and franchises 344 branded ice cream parlors. General Mills, Inc. also exports its products primarily to Caribbean and Latin American markets. The company was founded in 1928 and is headquartered in Minneapolis, Minnesota.