Coming Soon: General Mills Earnings

General Mills (NYSE: GIS  ) is expected to report Q2 earnings on Dec. 19. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict General Mills's revenues will grow 5.5% and EPS will grow 3.9%.

The average estimate for revenue is $4.88 billion. On the bottom line, the average EPS estimate is $0.79.

Revenue details
Last quarter, General Mills chalked up revenue of $4.05 billion. GAAP reported sales were 5.3% higher than the prior-year quarter's $3.85 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.66. GAAP EPS of $0.82 for Q1 were 34% higher than the prior-year quarter's $0.61 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 40.2%, 260 basis points better than the prior-year quarter. Operating margin was 19.5%, 290 basis points better than the prior-year quarter. Net margin was 13.5%, 300 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $17.75 billion. The average EPS estimate is $2.67.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,126 members out of 1,189 rating the stock outperform, and 63 members rating it underperform. Among 345 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 332 give General Mills a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Mills is outperform, with an average price target of $41.72.

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