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What Analysts Expect for Tyson Foods in Fiscal Q3

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Dec. 4 2020, Updated 10:53 a.m. ET

Analysts’ estimates

Tyson Foods (TSN) is expected to announce its fiscal third-quarter[1.ended in June] results on August 6. Analysts expect Tyson Foods’ adjusted EPS to rise 15.6% YoY (year-over-year) to $1.48, and its sales to rise 4.7% YoY to $10.3 billion.

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Sales and margin pressure

Tyson Foods’ sales and earnings have been pressured amid softening demand for chicken and narrower pork margins. The company’s problems are likely to worsen during fiscal Q4 2018. Tyson Foods has stated that its fourth quarter is off to a slow start due to trade tensions.

Whereas weak pricing and increased labor, freight, and feed costs are expected to hurt Tyson Foods’ profitability, a lower effective tax rate is expected to cushion its bottom line. The company’s top line is expected to be impacted by lower demand for chicken due to lower-priced alternatives such as beef and pork. Also, Tyson Foods’ pork business has been impacted by lower average selling prices and a supply glut dragging down sales. However, its beef and prepared food businesses are expected to support its top line in future quarters.

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