Tyson Foods stock is forming a base with a 99.64 entry with its next quarterly report set for May 9. The current formation is a second-stage cup with handle.
Keep in mind that jumping into a stock right as it gets ready to report means you likely won't have enough time to build a profit cushion before the release. That leaves you exposed to a sudden and perhaps sharp drop if the company doesn't deliver the type of numbers analysts were expecting. You can reduce your exposure by waiting to see the actual numbers and the market's reaction. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy.
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Earnings Growth Sees Continues To Rise
Top and bottom line growth moved higher last quarter. Earnings were up 48%, compared to 35% in the prior report. Revenue increased from 12% to 24%.
Analysts expect earnings-per-share growth of 38% for the quarter, and a 3% gain for the full year.
Tyson Foods stock has a 93 Composite Rating and holds the No. 4 rank among its peers in the Food-Meat Products industry group. Sanderson Farms is the top-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
