Hormel Foods Corporation (HRL) earnings on August 27, 2026

Before the market opens Q2 2026

More Hormel Foods Corporation earnings

Prior outlook: Pessimistic Outcome: Accurate

Hormel Foods stock dropped sharply after the company said consumers are still struggling with rising prices and fuel costs. The stock fell 10.25%.

HRL price around the earnings

21.28

Change: -10.2%

2026-08-27, 20:00 UTC

Start of the measured window End of the measured window
21.27 22.12 22.96 23.81 23.71
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 27, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Cautious outlook, the scenario is pessimistic

Experts see a weak setup: the stock has been falling recently and analysts are cautious, even though the company beat earnings expectations last quarter. The negative trend and cautious analyst views outweigh the positive earnings history.

Context analyzed before publication

Summary
Cautious outlook, the scenario is pessimistic
Playbook
The stock is market review near its recent low, with a clear downward trend over the past month. Analyst ratings are mostly neutral, and there is some uncertainty from recent management changes and policy news.
Trend
Expert sentiment worsening over the week

Analysts

Drivers

  • Analysts Negative

    Most analysts rate the stock as 'hold' with a neutral stance, and some have recently lowered their ratings ahead of the earnings report.

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.6
Analysts covering the stock
8
Average price target
27.25
Lowest price target
25
Highest price target
30
Upside to price target
14.9%
Quarterly earnings growth
-5.1%
Revenue growth
-2.9%
Forward EPS
1.56
Trailing EPS
0.85
Analyst moves in the last 60 days
4
  • Strong buy: 2
  • Buy: 1
  • Hold: 7
  • Sell: 0
  • Strong sell: 0
Strong buy
2
Buy
1
Hold
7
Sell
0
Strong sell
0
  • August 14, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • July 14, 2026 · BNP Paribas: Maintains rating (Neutral → Neutral)
  • July 9, 2026 · Stephens & Co.: Reiterates rating (Equal-Weight → Equal-Weight)
  • June 30, 2026 · B of A Securities: Maintains rating (Neutral → Neutral)

News and sentiment

Drivers

  • News & sentiment Negative

    Wall Street is adjusting expectations, and a change in the CFO adds uncertainty. News about government pricing policies for beef creates potential risk.

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
95.7%
News
Sources (3)

Technicals

Drivers

  • Technical Negative

    The stock has dropped about 9% in the last month, while the broader market rose, showing it's underperforming. It's currently near a support level.

Evidence

Price when the context was analyzed
23.7
Average true range (ATR)
1.9%
Distance to 52-week high
-14.0%
14-day change (14d)
-2.9%
30-day change (30d)
-9.0%
30-day relative strength
-12.7%
SPY change (30d)
+3.7%
Nearest support
23.64
Distance to nearest support
0.3%
Nearest resistance
23.79
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
1.12
  • Major: 23.64 (0.3% away, 0.13 ATR, 25 touches)
  • Mid: 23.52 (0.7% away, 0.39 ATR, 18 touches)
  • Mid: 23.36 (1.4% away, 0.74 ATR, 12 touches)
  • Mid: 23.79 (0.4% away, 0.21 ATR, 12 touches)
  • Major: 23.89 (0.8% away, 0.44 ATR, 28 touches)
  • Major: 24.06 (1.6% away, 0.81 ATR, 33 touches)

Trends

Evidence

Average earnings surprise
+2.6%
  • May 28, 2026: actual EPS 0.4 vs estimate 0.35 (surprise +12.9%)
  • 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%)

Expected move

Drivers

  • Past earnings Neutral

    Historically, the company beat earnings expectations 75% of the time, but the average surprise was small. The last quarter was strong, but past performance is mixed.

Implied move
+6.6%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.6%
75th percentile move
6.3%
90th percentile move
12.6%
Up / down moves
8 / 12
Average up move
+5.8%
Average down move
-5.2%

Monitoring and close

What Hormel Foods Corporation reported

Status
Finished
Actual EPS0.37
EPS estimate0.35
EPS surprise+5.7%
Revenue$2,961 million
Revenue estimate$3,039 million
Revenue surprise-2.6%

Hormel beat Q3 earnings expectations but missed on revenue. The stock fell 8.7% after the company cut its full-year sales outlook citing weak consumer demand and higher costs.

Sources (26)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on earnings but not on revenue, and the price is indicating -1.2% pre-market, a move below the stock's usual reaction (about 5%). The figures don't confirm the prior scenario: the price move doesn't follow the direction the results point to.

How the stock reacted

Outcome
Accurate
Consolidated
-10.3%
Max favorable move (MFE)
10.3%
Max adverse move (MAE)
0.5%