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Benzinga
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General Mills Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. GIS Q1 earnings expected at $0.82, down from $1.07 last year. 2. Projected revenue of $4.52 billion, lower than last year's $4.85 billion. 3. Stock price declined 1.4% to close at $49.92 before earnings report. 4. Analysts have downgraded ratings and reduced price targets for GIS recently. 5. Morgan Stanley and Goldman Sachs set lower price targets for GIS.

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FAQ

Why Bearish?

The expected decline in earnings and revenue is a negative indicator, similar to past earnings warnings that led to price drops.

How important is it?

The earnings report directly affects GIS's stock position and investor sentiment.

Why Short Term?

Immediate earnings announcements typically impact stock prices quickly; thus, the effects will be felt short-term.

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