Tyson Foods, Inc. (TSN - Free Report) offers a wide array of meat products and commands a strong presence in all beef, pork, chicken and processed food products categories.

Continuous product innovations and strong momentum in most of its business segments is driving sales of the company since past many quarters. With a general shift of demand among health conscious consumers from red meat to low-calorie chicken and processed chicken food items, Tyson's endeavor to offer low-calorie protein foods like Nature Raised Farms brand is encouraging. Due to this, investors are eagerly awaiting Tyson's earnings report.

Investors should also note the recent earnings estimate revisions for TSN, as the consensus estimate has been moving higher. Moreover, TSN has a mixed history in earnings season. Tyson has delivered positive surprise in three of the last four quarters, with negative surprises in the one of them, making for an average surprise of positive 12.24%.

TYSON FOODS A Price, Consensus and EPS Surprise

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TYSON FOODS A Price, Consensus and EPS Surprise | TYSON FOODS A Quote

Currently, Tyson Foods has a Zacks Rank #3 (Hold), but that could definitely change following Tyson's earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Tyson Foods missed on earnings. Our consensus called for EPS of $1.24, and the company reported EPS of 96 cents per share instead. Investors should note that these figures take out stock option expenses.

Revenue: Tyson Foods posted revenues of $9.16 billion. This misses our consensus estimate by $9.31 billion.

Key Stats to Note: Operating income increased 7% to $586.0 million.