PREVIEW: General Mills dips; lower Q3 rev, EPS seen in results Wednesday

Shares of General Mills GIS.N were down 0.4% in afternoon trading Tues, with the co expected to report a decline in its qtrly rev and EPS when it reports results before the bell on Wed

Analysts expect Q3 rev to dip to $4.961 bln from $5.099 a yr ago and they expect the co to post adj EPS of 96c/shr vs $1.17 a yr ago, according to LSEG

The co has beaten analysts' earnings expectations in all of the past eight reporting periods

Barclays on Tues cut its PT on GIS to $65 from $68

The median PT on the stock is $67 down from $68 a month ago as per LSEG, the stock was last at $60.69

Of the 21 analysts who cover GIS, four recommend a "strong buy" or "buy," 17 recommend a "hold" and no analysts recommend a "sell" or "strong sell"

Consumer staples companies like GIS have outperformed the broader market in recent weeks as worries have mounted over Trump tariffs and the U.S. economy

GIS is up ~0.2% for the MTD compared with a ~5.7% decline in the S&P 500 in that period