General Mills Inc reports results for the quarter ended May 31 - Earnings Summary

• General Mills Inc GIS.N reported quarterly adjusted earnings of 74 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $1.01. The mean expectation of nineteen analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 68 cents to 73 cents per share.

• Revenue fell 3.3% to $4.56 billion from a year ago; analysts expected $4.59 billion.

• General Mills Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $283.5 million.

• General Mills Inc shares had fallen by 10.7% this quarter and lost 16.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 17 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "hold"

• Wall Street's median 12-month price target for General Mills Inc is $59.00, about 9.5% above its last closing price of $53.41

This summary was machine generated from LSEG data June 25 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)