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Bear Of The Day: Campbell Soup (CPB)

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Campbell Soup (CPB - Free Report) is a Zacks Rank #5 (Strong Sell) after the company has missed the last two earnings reports.  Along with those two misses, estimates for the year and the next two-quarters.  For that reason, it is the Bear Of The Day.

Description

Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. The company operates in three business segments: Soup and Sauces, Biscuits and Confectionery, and Away From Home.

Earnings History

The company has missed two of the last four reports.

 

While soup is a staple, investors may be wise to take a deep look at this stock.  The stock is down, but sales have continued to grow.  This fiscal year will see growth of around 1% and is looking for 1.5% for next year.  Analysts are expecting EPS growth of 2% this fiscal year and 4% next fiscal year.  Those growth numbers are below the industry average, but that could bring activists into this name.

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