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Bull of the Day: General Mills (GIS)

David Bartosiak

Guess what folks? The market is at all-time highs. You can go ahead and rejoice now, thanking the FOMC for their upcoming easing. Now if we can get a trade deal done, there will be no stopping us at all. With all this momentum, it may feel like you can run out there and buy any stock that shows up on your computer screen. I’m going to warn you against that. Eventually, the momentum will die down and those stocks with strong earnings trends will hang in there. One way to find stocks with strong earnings trends is by leaning on the power of the Zacks Rank.

Today’s Bull of the Day is a stock in the good graces of the Zacks Rank. It’s Zacks Rank #1 (Strong Buy) General Mills (GIS). General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

The reason for the favorable rank lies in the series of earnings estimate revisions to the upside. Over the last thirty days, three analysts have increased their estimates for the current year and next year. The bullish sentiment has pushed up the Zacks Consensus Estimate for the current year to $3.15 while next year’s number is up at $3.35.

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General Mills, Inc. Price and Consensus

General Mills, Inc. Price and Consensus

General Mills, Inc. price-consensus-chart | General Mills, Inc. Quote

p>You can see the strong move in earnings estimates on the Price, Consensus and EPS Surprise Chart. Estimates bottomed out late last year, then began to move upwards. You can see the upswing in not only 2018 estimates, but also a nice trend higher for 2019 and 2020. The gaps between these lines shows the year-over-year growth upcoming as well.

 

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