Earnings Preview: Tyson Foods

Tyson Foods (TSN) is expected to report Q3 earnings before market open Monday, July 28, with a conference call scheduled for 9:00 am ET.

Guidance

Analysts are looking for EPS of 12c on revenue of $7.0B. The consensus range is 7c to 16c for EPS, and $6.51B to $7.19B for revenue, according to First Call.

Views

A July 21 article by the Financial Times noted that food groups, including Tyson, are planning to increase prices due to spiking commodity costs. Tyson said that due to the increases, its FY costs could be $1B higher than last year. Investors will be listening to the Q3 conference call for any specifics the company gives on possible price hikes.