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