Tyson Foods Inc reports results for the quarter ended June 30 - Earnings Summary

• Tyson Foods Inc TSN.N reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of ten analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 64 cents to 86 cents per share.

• Revenue rose 4% to $13.88 billion from a year ago; analysts expected $13.56 billion.

• Tyson Foods Inc's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $61 million.

• Tyson Foods Inc shares had fallen by 6.1% this quarter and lost 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Tyson Foods Inc is $60.00, about 12.5% above its last closing price of $52.53

This summary was machine generated from LSEG data August 4 at 01:31 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)