Top Wall Street Forecasters Revamp Hormel Foods Expectations Ahead Of Q3 Earnings
Hormel Foods Corporation (NYSE:HRL) will release its third quarter earnings report before the opening bell on Thursday, Aug. 27.
Analysts expect the Austin, Minnesota-based company to report quarterly earnings of $35 cents per share, versus 35 cents per share in the year-ago period. The consensus estimate for HRL’s quarterly revenue is $3.04 billion. It reported $3.03 billion last year, according to Benzinga Pro.
On Aug. 24, Hormel Foods announced the appointment of Ash Bhumbla as chief financial officer.
Shares of Hormel Foods fell 0.3% to close at $23.71 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- JP Morgan analyst Thomas Palmer maintained a Neutral rating and increased the price target from $25 to $26 on Aug. 14, 2026. This analyst has an accuracy rate of 51%.
- Stephens & Co. analyst Pooran Sharma maintained an Equal-Weight rating with a price target of $25 on July 9, 2026. This analyst has an accuracy rate of 75%.
- B of A Securities analyst Peter Galbo maintained a Neutral rating and raised the price target from $25 to $27 on June 30, 2026. This analyst has an accuracy rate of 54%.
- Barclays analyst Benjamin Theurer maintained an Overweight rating and cut the price target from $31 to $30 on Dec. 9, 2025. This analyst has an accuracy rate of 57%.
- Piper Sandler analyst Michael Lavery maintained a Neutral rating and raised the price target from $25 to $26 on Dec. 5, 2025. This analyst has an accuracy rate of 63%.
Considering buying HRL stock? Here’s what analysts think:
