Hormel Foods Corporation (HRL) earnings on May 28, 2026
More Hormel Foods Corporation earnings
Prior outlook: Pessimistic Outcome: Missed
Hormel Foods stock rose after its earnings report, despite some analyst concerns about future earnings forecasts. The price increased notably, showing a positive market response.
HRL price around the earnings
23.46
Change: +11.9%
2026-05-29, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
Mixed results: Q2 beat, but guidance cut; analysts downgrade.
The company beat expectations for earnings and sales, but cut its full-year profit forecast, leading to analyst downgrades. This mixed news follows a volatile period with mixed contexts.
Context analyzed before publication
- Summary
- Mixed outlook: weak growth vs. tariff tailwinds.
- Reasoning
- Before the earnings report, analysts are cautious due to slow growth expectations, and many retail investors are optimistic. However, positive industry news regarding beef tariffs could offer some support.
- Playbook
- Mixed contexts present a cautious scenario; waiting for clearer direction or focusing on potential benefits from industry-specific news represents one approach among several.
- Trend
- Negative trend persists despite some price momentum.
Analysts
Drivers
-
Analysts
Negative
Analysts cite a target about 18.3% above the current price with a neutral rating, and some have recently lowered their price targets or ratings.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.6
- Analysts covering the stock
- 8
- Average price target
- 25.13
- Lowest price target
- 22
- Highest price target
- 30
- Upside to price target
- 18.3%
- Quarterly earnings growth
- -5.1%
- Revenue growth
- -2.9%
- Forward EPS
- 1.56
- Trailing EPS
- 0.89
- Analyst moves in the last 60 days
- 2
- Strong buy: 2
- Buy: 1
- Hold: 7
- Sell: 0
- Strong sell: 0
- Strong buy
- 2
- Buy
- 1
- Hold
- 7
- Sell
- 0
- Strong sell
- 0
- May 21, 2026 · Stephens & Co.: Maintains rating (Equal-Weight → Equal-Weight)
- April 9, 2026 · JP Morgan: Downgrades rating (Overweight → Neutral)
News and sentiment
Drivers
-
News & sentiment
Negative
Despite weak growth forecasts, retail investor sentiment is overwhelmingly positive, suggesting a crowded case that could be risky.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (1)
- Stephens & Co. Maintains Equal-Weight on Hormel Foods, Lowers Price Target to $22 — Benzinga
Technicals
Drivers
-
Technical
Positive
Recent price action shows some positive momentum, with the stock market review above support levels and nearing resistance.
Evidence
- Average true range (ATR)
- 2.6%
- Distance to 52-week high
- -33.3%
- 14-day change (14d)
- +3.1%
- 30-day change (30d)
- +2.1%
- 30-day relative strength
- +2.1%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 21.13
- Nearest resistance
- 21.44
- Volume accumulation ratio (14d / 46d)
- 1.23
Trends
Drivers
-
Macro & trends
Positive
Favorable industry news, such as tariff easing on beef imports and increased exports, provides a supportive backdrop for the sector.
Evidence
- Average earnings surprise
- +0.2%
- February 26, 2026: actual EPS 0.34 vs estimate 0.32 (surprise +6.1%)
- December 4, 2025: actual EPS 0.32 vs estimate 0.3 (surprise +6.0%)
- August 28, 2025: actual EPS 0.35 vs estimate 0.41 (surprise -14.6%)
- May 29, 2025: actual EPS 0.35 vs estimate 0.34 (surprise +3.3%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.6%
- 75th percentile move
- 5.7%
- 90th percentile move
- 10.4%
- Up / down moves
- 7 / 12
- Average up move
- +4.8%
- Average down move
- -5.2%
Monitoring and close
What Hormel Foods Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +12.6%
- Max favorable move (MFE)
- 0%
- Max adverse move (MAE)
- 14%