Tyson (TSN) Reports Q2 Earnings: What Key Metrics Have to Say

For the quarter ended March 2024, Tyson Foods (TSN) reported revenue of $13.07 billion, down 0.5% over the same period last year. EPS came in at $0.62, compared to -$0.04 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $13.13 billion, representing a surprise of -0.46%. The company delivered an EPS surprise of +77.14%, with the consensus EPS estimate being $0.35.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Tyson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Sales- Chicken: $4.07 billion versus $4.38 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.2% change.

• Sales- Beef: $4.95 billion compared to the $4.54 billion average estimate based on two analysts. The reported number represents a change of +7.3% year over year.

• Sales- International/Other: $580 million versus $672.04 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.5% change.

• Sales- Prepared Foods: $2.40 billion versus $2.45 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.

• Intersegment Sales: -$417 million versus -$386.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.

• Sales- Pork: $1.49 billion versus the two-analyst average estimate of $1.47 billion. The reported number represents a year-over-year change of +4.6%.

• Adjusted Operating Income (Loss)- Beef: -$34 million compared to the -$91.85 million average estimate based on two analysts.

• Adjusted Operating Income (Loss)- Pork: $33 million versus the two-analyst average estimate of $27.97 million.

• Adjusted Operating Income (Loss)- International/Other: $14 million versus $6.77 million estimated by two analysts on average.

• Adjusted Operating Income (Loss)- Prepared Foods: $233 million versus the two-analyst average estimate of $226.71 million.

• Adjusted Operating Income (Loss)- Chicken: $160 million versus the two-analyst average estimate of $72.88 million.

View all Key Company Metrics for Tyson here>>>

Shares of Tyson have returned +5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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