LW - Tyson Foods: Staying The Course As Earnings Near
2024-05-02 13:23:53 ET
Summary
- Tyson Foods is a behemoth in the food industry, with revenue of $52.88 billion in 2023.
- Analysts are slightly bullish on the company, expecting a slight uptick in revenue for the second quarter of 2024.
- While there are some concerns about weak volume and potential demand declines, analysts expect growth in earnings per share for Tyson Foods.
- Shares aren't the cheapest, but they seem to offer a favorable risk to reward scenario.
When it comes to the food industry, very few companies are as well known as Tyson Foods ( TSN ). With revenue in 2023 of $52.88 billion and a market capitalization as of this writing of $21.61 billion, the company truly is a behemoth in the food market. This is especially true when we talk about products such as chicken, beef and pork, although the company does also produce some packaged products....
Tyson Foods: Staying The Course As Earnings Near