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Tyson Foods (TSN) reported 1st Quarter December 2021 earnings of $2.87 per share on revenue of $12.9 billion. The consensus earnings estimate was $1.90 per share on revenue of $12.1 billion. The Earnings Whisper number was $2.18 per share. Revenue grew 23.6% on a year-over-year basis.
The company said it now expects fiscal 2022 revenue to be at the high-end of its previous guidance range of $49.0 billion to $51.0 billion. The current consensus revenue estimate is $50.07 billion for the year ending September 30, 2022.
Tyson Foods and its subsidiaries produce, distribute and market chicken, beef, pork, prepared foods and related allied products, including animal and pet food ingredients.
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On 07.02.2022 the Tyson Food stock formed a consolidation area ranging from $99.53 - $95.52.
WHAT DO I EXPECT NEXT?
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I can imagine that Tyson Foods will consolidate within the range and might break out when the entire market has strength. As soon as the stock goes above $99.53 with high volume, it might make sense to buy the stock. When the stock price goes below $95.52 the trading scenario is invalid.
What are your thoughts? Leave a comment down below 👇
🚫 No investment advice, I am just displaying my personal opinion which might be wrong!
