What's Happening with GIS
General Mills, Inc. (GIS) is scheduled to report Quarter 1 numbers before the market open on March 24. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is up 2.2% on the year.
Technical Analysis
GIS was recently trading at $60.07 down $6.07 from its 12-month high and $13.19 above its 12-month low. InvestorsObserver gives GIS a 15 long-term technical score and a 23 short-term technical score. The stock has recent support above $54.43 and recent resistance below $60.4. Of the 12 analysts who cover the stock 4 rate it Strong Buy, 0 rate it Buy, 7 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, GIS gets an overall score of 36 from InvestorsObserver.
Analysts' Thoughts
GIS has shown annual earnings growth of 2.86% over the last five years, and looking ahead analysts expect the company to grow profits 4.98% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.29 EPS. GIS is currently trading at $60.07 with an average price target of $62.99.