Anticipating General Mills' Q1: A Snapshot of Analyst Expectations and Stock Outlook
Understanding the Upcoming Financial Disclosure for General Mills
General Mills, Inc. (GIS) is scheduled to unveil its financial outcomes for the first quarter before the market opens on Wednesday, September 17. The company's earnings per share are anticipated to be around 82 cents, a decrease from $1.07 recorded in the corresponding period last year. Revenue expectations are set at $4.52 billion, down from $4.85 billion in the previous year.
Reaffirming Long-Term Financial Projections
Despite the current quarterly forecasts, General Mills reiterated its fiscal year 2026 outlook on September 2, signaling confidence in its long-term strategic direction and financial health.
Recent Market Performance and Analyst Sentiment
On the preceding Friday, General Mills' stock experienced a 1.4% decline, closing at $49.92. This movement has been influenced by various analyst revisions, reflecting a dynamic market perspective on the company's valuation.
Insights from Leading Financial Analysts
Several prominent analysts have recently revised their ratings and price targets for General Mills. Morgan Stanley's Megan Alexander maintained an Underweight rating, lowering the price target to $49 from $51. Goldman Sachs analyst James Yaro downgraded the stock from Buy to Neutral, adjusting the price target to $58 from $68. Mizuho's John Baumgartner kept a Neutral rating, with a reduced price target of $60 from $62. JP Morgan's Ken Goldman also maintained a Neutral rating, cutting the price target to $54 from $60. Conversely, Jefferies analyst Rob Dickerson held a Hold rating while increasing the price target to $62 from $58. These adjustments provide a comprehensive view of how experts are evaluating General Mills' future prospects.