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Here's What Key Metrics Tell Us About Tyson (TSN) Q3 Earnings
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For the quarter ended June 2024, Tyson Foods (TSN - Free Report) reported revenue of $13.35 billion, up 1.6% over the same period last year. EPS came in at $0.87, compared to $0.15 in the year-ago quarter.
The reported revenue represents a surprise of +1.42% over the Zacks Consensus Estimate of $13.17 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +42.62%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tyson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Beef
: $5.24 billion versus $4.76 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Sales- Pork
: $1.46 billion versus $1.42 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.
Intersegment Sales
: -$440 million versus -$361.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
Sales- Prepared Foods
: $2.43 billion compared to the $2.46 billion average estimate based on two analysts. The reported number represents a change of +2.1% year over year.
Sales- International/Other
: $582 million compared to the $672.57 million average estimate based on two analysts. The reported number represents a change of -8.1% year over year.
Sales- Chicken
: $4.08 billion versus the two-analyst average estimate of $4.21 billion. The reported number represents a year-over-year change of -3.2%.
Adjusted Operating Income (Loss)- Beef
: -$69 million versus the two-analyst average estimate of -$68.94 million.
Adjusted Operating Income (Loss)- Pork
: $22 million versus the two-analyst average estimate of $14.17 million.
Adjusted Operating Income (Loss)- International/Other
: $28 million versus the two-analyst average estimate of $11.44 million.
Adjusted Operating Income (Loss)- Prepared Foods
: $203 million versus the two-analyst average estimate of $207.96 million.
Adjusted Operating Income (Loss)- Chicken
: $307 million versus $230.37 million estimated by two analysts on average.
Shares of Tyson have returned +9.3% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Tyson (TSN) Q3 Earnings
For the quarter ended June 2024, Tyson Foods (TSN - Free Report) reported revenue of $13.35 billion, up 1.6% over the same period last year. EPS came in at $0.87, compared to $0.15 in the year-ago quarter.
The reported revenue represents a surprise of +1.42% over the Zacks Consensus Estimate of $13.17 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +42.62%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tyson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Tyson here>>>Sales- Beef
: $5.24 billion versus $4.76 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.Sales- Pork
: $1.46 billion versus $1.42 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.Intersegment Sales
: -$440 million versus -$361.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.Sales- Prepared Foods
: $2.43 billion compared to the $2.46 billion average estimate based on two analysts. The reported number represents a change of +2.1% year over year.Sales- International/Other
: $582 million compared to the $672.57 million average estimate based on two analysts. The reported number represents a change of -8.1% year over year.Sales- Chicken
: $4.08 billion versus the two-analyst average estimate of $4.21 billion. The reported number represents a year-over-year change of -3.2%.Adjusted Operating Income (Loss)- Beef
: -$69 million versus the two-analyst average estimate of -$68.94 million.Adjusted Operating Income (Loss)- Pork
: $22 million versus the two-analyst average estimate of $14.17 million.Adjusted Operating Income (Loss)- International/Other
: $28 million versus the two-analyst average estimate of $11.44 million.Adjusted Operating Income (Loss)- Prepared Foods
: $203 million versus the two-analyst average estimate of $207.96 million.Adjusted Operating Income (Loss)- Chicken
: $307 million versus $230.37 million estimated by two analysts on average.Shares of Tyson have returned +9.3% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.