Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    52,142.90
    +892.29 (+1.74%)
     

  • CMC Crypto 200

    1,334.09
    +21.46 (+1.64%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Tyson Foods (TSN) Q2 Earnings & Sales Rise Year Over Year

Zacks Equity Research
Updated

Tyson Foods, Inc. TSN came out with second-quarter fiscal 2018 results, wherein adjusted earnings of $1.27 per share lagged the Zacks Consensus Estimate of $1.32 but surged 25.7% year over year.

The company expects adjusted earnings for fiscal 2018 in a range of $6.55-$6.70 per share, reflecting a 23-26% growth year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has trended downward over the past seven days. Further, if we look at Tyson Foods’ performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 4.7%.

Tyson Foods, Inc. Price, Consensus and EPS Surprise

Tyson Foods, Inc. Price, Consensus and EPS Surprise | Tyson Foods, Inc. Quote

Revenues: Tyson generated net sales of $9,773 million that advanced 7.6% year over year but came below the Zacks Consensus Estimate of $9,944 million. Sales were driven by volume growth in most segments. The company expects fiscal 2018 sales to rise nearly 6% in the band of $40-$41 billion.

Zacks Rank: Currently, Tyson Foods carries a Zacks Rank #3 (Hold), which is subject to change following the just released earnings results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: Tyson Foods’ shares are up 3.3% during pre-market trading following the earnings release.

Check back later for our full write up on Tyson Foods’ earnings report!

More Stock News: This Is Bigger than the iPhone!
 
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
 
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Tyson Foods, Inc. (TSN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.