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General Mills, Inc. (NYSE:GIS) is expected to report earnings for last fiscal quarter before the opening bell on December 20, 2011.

GIS trades an average of 3.4 million shares per day.

52-Week High: $40.72
52-Week Low: $34.54
Book Value: $10.09
Float Short: 1.58%

Analysts are expecting an improvement of $0.15 in earnings per share compared to last quarter's results of $0.64. The reporting quarter's estimated mean earnings are $0.79 per share. Analyst estimates range between $0.77 and $0.86 per share.

The company has rising revenue year-over-year of $14.88 billion for 2011 vs. $14.64 billion for 2010. The bottom line has rising earnings year-over-year of $1.80 billion for 2011 vs. $1.53 billion for 2010.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $2.77 billion for 2011 vs. $2.61 billion for 2010. Rising revenue along with rising earnings is a very good sign, and it's what we want to see with our companies.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for GIS

Gross reported revenue compared to the mean estimate (rounded):

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Aug-11 $ 3.81 B $ 3.85 B $ 38.81 M 1.02%
May-11 $ 3.67 B $ 3.63 B $ -33.48 M -0.91%
Feb-11 $ 3.69 B $ 3.65 B $ -45.98 M -1.25%
Nov-10 $ 4.11 B $ 4.07 B $ -42.63 M -1.04%
Aug-10 $ 3.57 B $ 3.53 B $ -39.94 M -1.12%

M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results GIS

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for GIS:

paid2trade.com short interest tool. The total short interest number of shares for GIS

The number of days to cover short interest based on average daily trading volume for GIS:

paid2trade.com number of days to cover short interest based on average daily trading volume for GIS

ConAgra Foods, Inc. (NYSE:CAG) is scheduled to release last fiscal quarter's results before the opening bell on December 20, 2011.

CAG trades an average of 3.1 million shares per day.

52-Week High: $26.60
52-Week Low: $22.20
Book Value: $11.40
Float Short: 1.40%

Analysts are expecting an improvement of $0.14 in earnings per share compared to last quarter's results of $0.29. A beat of $0.43 per share will top the estimated per share earnings. Analyst estimates range between $0.41 and $0.47 per share.

The current trailing twelve months (ttm) P/E ratio is 14.5. The forward P/E ratio is 14.2.

Revenue year-over-year has increased to $12.30 billion for 2011 vs. $12.01 billion for 2010. The bottom line has rising earnings year-over-year of $817.00 million for 2011 vs. $725.80 million for 2010.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $1.40 billion for 2011 vs. $1.24 billion for 2010.

Rising revenue along with rising earnings is a very good sign, and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for CAG

Gross reported revenue compared to the mean estimate (rounded):

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Aug-11 $ 2.94 B $ 3.07 B $ 132.16 M 4.5%
May-11 $ 3.19 B $ 3.21 B $ 22.12 M 0.69%
Feb-11 $ 3.12 B $ 3.15 B $ 35.75 M 1.15%
Nov-10 $ 3.13 B $ 3.16 B $ 29.89 M 0.95%
Aug-10 $ 2.97 B $ 2.82 B $ -151.39 M -5.1%

M = millions, B = billions.
Differences are rounded.
Some onetime items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results CAG

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for CAG:

paid2trade.com short interest tool. The total short interest number of shares for CAG

The number of days to cover short interest based on average daily trading volume for CAG:

paid2trade.com number of days to cover short interest based on average daily trading volume for CAG

Please feel free to share your thoughts and comments.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Earnings Preview: General Mills, ConAgra Foods Reports Results Tuesday

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