The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Filed under: Earnings reports, Forecasts, Hewlett-Packard (HPQ), Hormel Foods (HRL), Tyson Foods'A' (TSN)

Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.

Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter. The long-term EPS growth forecast is 8.5%, which is about the same as that of competitor Smithfield Foods Inc. (SFD). Tyson's earnings multiple is 13x. The First Call consensus recommendation has been to buy TSN for more than 90 days. The mean price target is $13.83. JPMorgan, though, downgraded Tyson due to rising commodities prices and other reasons, but BloggingStocks contributor Joseph Lazzaro likes it for its diversity and global reach. Shares have faced resistance around $13 since early September and closed the week at $13.07.

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The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ... originally appeared on BloggingStocks on Sun, 22 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

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