What To Expect From Tyson Foods’s (TSN) Q3 Earnings

Meat company Tyson Foods (NYSE:TSN) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.

Tyson Foods beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $13.35 billion, up 1.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA and earnings estimates.

Is Tyson Foods a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Tyson Foods’s revenue to be flat year on year at $13.43 billion, improving from the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tyson Foods has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Tyson Foods’s peers in the perishable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Fresh Del Monte Produce delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 3%, and Vital Farms reported revenues up 31.3%, in line with consensus estimates. Fresh Del Monte Produce traded up 9% following the results while Vital Farms was down 16.3%.

Read our full analysis of Fresh Del Monte Produce’s results here and Vital Farms’s results here.

Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Tyson Foods’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $63.74 (compared to the current share price of $60.35).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.