Weekly Earnings Calendar (06May24) - Can Tyson hit a new peak?

KYHBKO
05-05

Earnings Calendar (06 May 2024)

earnngs of the week

Some of the earnings of interests are Palantir, Disney, Rivian, Occidental and Tyson.

Let us look at Tyson in detail.

Observations:

  • Revenue grew from $37.5 billion in 2014 to 52.8 billion in 2023.

  • The operating profit suffered a drop in 2023. It fell from $4+ billion in 2021 and 2022 to $386 million in 2023.

  • Earnings per share EPS has fallen from $8.92 in 2022 to negative $1.87 in 2023.

  • This is of concern for the business.

  • The management has offered increasing dividends per share over the last 10 years.

The above is some of the news about Tyson. Most of these hurt the reputation.

Despite the news, Investing has a strong buy rating for the stock. The stock is approaching its 52-week high. Analysts from Investing have compiled a price target of $62.58.

The forecast from Investing for its coming earnings are 0.3933 and $13.14B for its EPS and revenue respectively. Can Tyson hit a new peak?

@TigerStars

$S&P 500(.SPX)$

$Tyson(TSN)$

Hold or Sell? How to Trade This Earning Season?
After most bank stocks had a rough start, both $Taiwan Semiconductor Manufacturing(TSM)$ and $Netflix(NFLX)$ fell over 5% despite significantly exceeding earnings expectations, mainly due to weak guidance from these companies. Tesla and Meta will release earnings next week.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment