Tyson Foods (NYSE:TSN) is expected to report Q1 earnings on Monday, January 26 with a conference call scheduled for 9:00 am ET.
Analysts are looking for EPS of (23c) on revenue of $6.82B. The consensus range is (40c)-(9c) for EPS, and $6.5B to $7.19B for revenue, according to First Call.
Tyson reported worse-than-expected Q4 results in November and gave cautious comments for the first half of FY09. The company said it expected negative results for the chicken segment in Q1, and that the second half of the year would be better than the first half for both the chicken and beef segments. Tyson added that international demand was still strong and noted that more people are now eating at home due to the economy.
The immediate impact of the Q4 results was a 12% drop in the stock, but since that time, the stock has rebounded and is actually up over 10% since the Q4 report in November. Earlier this month, Tyson announced the resignation of CEO Dick Bond, and the return of former CEO Leland Tollett on an interim basis. Tyson's next scheduled event is a shareholders' meeting on February 6, 2009.