• Hormel Foods Corp HRL.N reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of nine analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 29 cents to 34 cents per share.

• Revenue rose 6.6% to $3.19 billion from a year ago; analysts expected $3.07 billion.

• Hormel Foods Corp's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $56.14 million.

• Hormel Foods Corp shares had risen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and no "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 Hormel Foods Corp is $28.00, about 9.6% above its last closing price of $25.31

This summary was machine generated from LSEG data February 26 at 04:10 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)