What To Expect From Tyson Foods's (TSN) Q1 Earnings

Meat company Tyson Foods (NYSE:TSN) will be reporting earnings tomorrow before market open. Here's what to expect.

Tyson Foods met analysts' revenue expectations last quarter, reporting revenues of $13.32 billion, flat year on year. It was a solid quarter for the company, with an impressive beat of analysts' earnings estimates.

Is Tyson Foods a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Tyson Foods's revenue to be flat year on year at $13.16 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tyson Foods has missed Wall Street's revenue estimates four times over the last two years.

Looking at Tyson Foods's peers in the perishable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cal-Maine's revenues decreased 29.5% year on year, beating analysts' expectations by 1.5%, and Pilgrim's Pride reported revenues up 4.7%, falling short of estimates by 1.5%. Cal-Maine traded up 3.5% following the results while Pilgrim's Pride was also up 1.6%.

Read our full analysis of Cal-Maine's results here and Pilgrim's Pride's results here.

Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Tyson Foods is up 5% during the same time and is heading into earnings with an average analyst price target of $62.6 (compared to the current share price of $62.05).

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