General Mills, Inc (NYSE: $GIS) Set to Report Q3 Earnings TodayGeneral Mills, Inc. (NYSE: NYSE:GIS ) manufactures and markets branded consumer foods worldwide is set to report Third Quarter Earnings results today before market opens. With shares moderately up 0.85% in Wednesday's premarket trading.
Founded in 1866 and headquartered in Minneapolis, Minnesota. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice.
Financial Performance
In 2024, General Mills's revenue was $19.86 billion, a decrease of -1.18% compared to the previous year's $20.09 billion. Earnings were $2.50 billion, a decrease of -3.75%. As investors awaits for the earnings reports NYSE:GIS shares are also waiting for build up momentum to surge breaking above the 1-month high acting as resistant point.
Similarly, should NYSE:GIS faced selling pressure, the 65% Fibonacci retracement level acting as support point would broken leading to consolidatory move to the 1-month low albeit the stock is still bearish at the moment with only Gold surging to new All time high yesterday.
Analyst Forecast
According to 17 analysts, the average rating for GIS stock is "Hold." The 12-month stock price forecast is $66.13, which is an increase of 9.41% from the latest price.
