This group has a Zacks Industry Rank of 191, putting it in the bottom 25% of all 250+ industries. The Food - Miscellaneous industry is part of the Consumer Staples sector. The Food - Miscellaneous was holding an average PEG ratio of 2.47 at yesterday's closing price.
This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Meanwhile, GIS's PEG ratio is currently 2.26. For comparison, its industry has an average Forward P/E of 19.77, which means General Mills is trading at a discount to the group. In terms of valuation, General Mills is currently trading at a Forward P/E ratio of 16.94. General Mills currently has a Zacks Rank of #4 (Sell). The Zacks Consensus EPS estimate has moved 0.16% lower within the past month. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell).
Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.84 billion, up 2.53% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.79 per share and revenue of $18.24 billion, which would represent changes of 0% and +0.6%, respectively, from the prior year. On that day, General Mills is projected to report earnings of $1.05 per share, which would represent a year-over-year decline of 0.94%. General Mills will be looking to display strength as it nears its next earnings release, which is expected to be December 21, 2021. In that same time, the Consumer Staples sector lost 2.85%, while the S&P 500 lost 2.46%.
ZacksĬoming into today, shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods had gained 2.52% in the past month. Meanwhile, the Dow gained 1.87%, and the Nasdaq, a tech-heavy index, added 0.57%. The stock lagged the S&P 500's daily gain of 1.17%.
General Mills (GIS) closed at $64.44 in the latest trading session, marking a +0.33% move from the prior day.