• General Mills Inc GIS.N reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of $1.00. The mean expectation of eighteen analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 66 cents to 77 cents per share.

• Revenue fell 8.4% to $4.44 billion from a year ago; analysts expected $4.42 billion.

• General Mills Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $303.1 million.

• General Mills Inc shares had fallen by 16.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 13 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for General Mills Inc is $47.00, about 17.6% above its last closing price of $38.74

This summary was machine generated from LSEG data March 18 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)