General Mills Set to Unveil Q2 Earnings Amid Analyst Upgrades

Anticipated Earnings Release Date

General Mills, Inc. GIS is scheduled to announce its second-quarter earnings before the market opens on Wednesday, December 18.

What Analysts Predict

Financial analysts forecast that the Minneapolis, Minnesota-based company will report earnings of $1.22 per share, a decline from $1.25 per share in the same quarter last year. General Mills is also expected to achieve revenue of $5.14 billion for this quarter, matching the revenue reported a year earlier, as indicated by data from Benzinga Pro.

Stock Performance

As of Friday, General Mills shares increased by 0.9%, closing at $66.69.

Recent Analyst Ratings Overview

Readers can explore the latest analyst ratings on Benzinga’s Analyst Stock Ratings page, which offers sorting options by company, ticker, analyst firm, and rating changes. Here’s how some of the most accurate analysts have rated General Mills recently:

• B of A Securities’ Bryan Spillane upgraded the stock from Neutral to Buy, raising the price target from $78 to $80 as of December 13. His accuracy rate stands at 63%.
• Wells Fargo’s Chris Carey retained an Equal-Weight rating while lowering the price target from $77 to $70 on November 15, with an accuracy rate of 61%.
• JP Morgan analyst Ken Goldman kept a Neutral rating but increased the price target from $63 to $67 on October 14, maintaining an accuracy rate of 76%.
• TD Cowen’s Robert Moskow held a Hold rating and lifted the price target from $72 to $75 on September 20, achieving an accuracy rate of 65%.
• Piper Sandler’s Michael Lavery maintained an Overweight rating and raised the price target from $74 to $84 on September 19, with an accuracy rate of 67%.

Considering an Investment in GIS Stock?
Here’s a snapshot of current analyst perspectives:

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