Alert: New Earnings Report (12/20/23)-General Mills Inc. (NYSE: GIS).


General Mills Inc. (NYSE: GIS) has reported earnings for its second fiscal quarter (ending November 30) of $1.03 versus $1.01 for the same period a year ago — an increase of 2%. For the latest four quarters through November 30, E.P.S. were $4.16 versus $4.83 for the same period a year ago — a decline of -14%.

Recent Price Action

On 12/20/23, General Mills Inc. (NYSE: GIS) stock declined by -3.6%, closing at $64.33. Moreover, this decline was accompanied by unusually high trading volume at 180% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.6% during the last week.

Current PriceTarget Research Rating

GIS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

General Mills has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. General Mills has a poor Power Rating of 29 and a poor Appreciation Score of 28, leading to the Lowest Value Trend Rating.

Rating Review

In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.