Tyson Foods Earnings: What to Look for in TSN

Meat company Tyson Foods (NYSE:TSN) is set to report earnings tomorrow morning. Here’s what to watch.

Tyson Foods met analysts’ revenue expectations in its latest quarter, posting revenue of $13.07 billion, unchanged year over year. It was a very strong quarter for the company, with an impressive beat on analysts’ earnings estimates.

Is Tyson Foods a buy or sell on earnings? Read our full analysis here, it’s free.

Analysts are expecting Tyson Foods to post year-over-year revenue of $13.21 billion for the quarter, an improvement from a 2.6% decline in the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.

Analysts covering the company have generally reaffirmed their estimates over the past 30 days, suggesting they expect the company to maintain its course toward earnings. Tyson Foods has missed Wall Street revenue estimates five times in the past two years.

Looking at Tyson Foods’ competitors in the perishables segment, some have already reported second-quarter results, giving us a hint of what to expect. Pilgrim’s Pride reported year-over-year revenue growth of 5.8%, missing analysts’ expectations of 1.4%, and Cal-Maine reported a revenue decline of 7%, missing estimates by 1.8%. Pilgrim’s Pride rose 2.3% after the results, while Cal-Maine also rose 3.1%.

Read our full analysis of Pilgrim’s Pride’s results here and Cal-Maine’s results here.

Perishable food investors are in positive spirits, with shares up an average of 4% over the past month. Tyson Foods is up 7.6% in the same time frame and is on track for profit with an average analyst price target of $62.50 (compared to the current share price of $61).

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