Earnings Preview: Tyson Foods

| About: Tyson Foods (TSN)

Tyson Foods (NYSE:TSN) is expected to report Q4 earnings before market open Monday Nov. 10, with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for EPS of 18c on revenue of $6.98B. The consensus range is 7c to 30c for EPS, and $6.54B to $7.41B for revenue, according to First Call.

Analyst Views

Note that Tyson's stock, which is down almost 6% ahead of its Q4 earnings release, is currently at a five-year low. On Tyson's Q3 conference call, CEO Dick Bond discussed the upcoming quarter, saying that the company's "outlook for Q4 is positive, but market volatility will continue to be an issue. Input costs, especially corn and soybean meal, are a serious concern. There seems to be some movement towards reviewing the government mandates for corn ethanol, but I'm really doubtful that there will be any action taken that will effect [Tyson's] fourth quarter... [Tyson's] chicken segment won't be positive in Q4 and its losses likely will be greater than Q3. Fortunately, [the company has] a diversified business model and earnings from the rest of our businesses should more than offset any losses in chicken and generate a more profitable quarter than Q3. If grains stabilize, Q4 could be the worst quarter in this cycle for our chicken segment."

Investors will be looking for updates on all of those points on the Q4 call