Hormel (HRL) Reports Q2 Earnings: What Key Metrics Have to Say
Nasdaq For the quarter ended April 2023, Hormel Foods (HRL) reported revenue of $2.98 billion, down 3.8% over the same period last year. EPS came in at $0.40, compared to $0.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.06 billion, representing a surprise of -2.78%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.39.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hormel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
