1. GIS to release Q2 earnings on Dec. 17, expected earnings down 14%. 2. Quarterly revenue estimate of $4.78 billion, down from $5.24 billion last year. 3. Annual dividend yield at 5.18%, quarterly dividend at 61 cents per share. 4. Analysts recommend a Hold rating, price target lowered from $48 to $45. 5. Shares gained 0.8%, closing at $47.06.
FAQ
Why Bearish?
Anticipated decrease in earnings and revenue suggests potential downward pressure on stock. Historically, similar scenarios have led to investor sell-offs.
How important is it?
Earnings expectations and dividend yield are critical for investor sentiment and stock price. The potential decline in revenue and earnings could impact investor interest.
Why Short Term?
Immediate earnings report will provide insights; short-term volatility likely ahead. Previous earnings misses have triggered market reactions within weeks.