General Mills Q3 Revenue Expected to Fall 3.7% Year-Over-Year
General Mills prepares for a Wednesday pre-market report with a projected 3.7% revenue drop, following a prior quarter that beat profit estimates. Analysts have recently reconfirmed their forecasts, suggesting the business will stay the course, even as the stock underperforms its peers significantly.
Yahoo Finance notes that analysts have largely maintained their forecasts over the past month, indicating expectations for stability despite the company's recent history of missing revenue targets. Additionally, the report highlights that GIS is down 13.2% over the last month, underperforming its consumer staples peers who have fallen 8.3% on average.
Source: Yahoo FinanceGeneral Mills prepares for a Wednesday pre-market report with a projected 3.7% revenue drop, following a prior quarter that beat profit estimates.
Source: tradingview.com
