We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Campbell Soup (CPB) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Campbell Soup (CPB - Free Report) closed at $53.12 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.31%. Elsewhere, the Dow gained 0.22%, while the tech-heavy Nasdaq lost 0.28%.
Coming into today, shares of the maker of canned soup, Pepperidge Farm cookies and V8 juice had gained 3.91% in the past month. In that same time, the Consumer Staples sector lost 0.96%, while the S&P 500 lost 1%.
Investors will be hoping for strength from Campbell Soup as it approaches its next earnings release, which is expected to be March 8, 2023. On that day, Campbell Soup is projected to report earnings of $0.73 per share, which would represent year-over-year growth of 5.8%. Meanwhile, our latest consensus estimate is calling for revenue of $2.44 billion, up 10.24% from the prior-year quarter.
CPB's full-year Zacks Consensus Estimates are calling for earnings of $2.99 per share and revenue of $9.26 billion. These results would represent year-over-year changes of +4.91% and +8.15%, respectively.
Investors should also note any recent changes to analyst estimates for Campbell Soup. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Campbell Soup currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Campbell Soup is holding a Forward P/E ratio of 17.77. For comparison, its industry has an average Forward P/E of 18.26, which means Campbell Soup is trading at a discount to the group.
Investors should also note that CPB has a PEG ratio of 5.24 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Food - Miscellaneous was holding an average PEG ratio of 2.84 at yesterday's closing price.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 61, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CPB in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Campbell Soup (CPB) Stock Sinks As Market Gains: What You Should Know
Campbell Soup (CPB - Free Report) closed at $53.12 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.31%. Elsewhere, the Dow gained 0.22%, while the tech-heavy Nasdaq lost 0.28%.
Coming into today, shares of the maker of canned soup, Pepperidge Farm cookies and V8 juice had gained 3.91% in the past month. In that same time, the Consumer Staples sector lost 0.96%, while the S&P 500 lost 1%.
Investors will be hoping for strength from Campbell Soup as it approaches its next earnings release, which is expected to be March 8, 2023. On that day, Campbell Soup is projected to report earnings of $0.73 per share, which would represent year-over-year growth of 5.8%. Meanwhile, our latest consensus estimate is calling for revenue of $2.44 billion, up 10.24% from the prior-year quarter.
CPB's full-year Zacks Consensus Estimates are calling for earnings of $2.99 per share and revenue of $9.26 billion. These results would represent year-over-year changes of +4.91% and +8.15%, respectively.
Investors should also note any recent changes to analyst estimates for Campbell Soup. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Campbell Soup currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Campbell Soup is holding a Forward P/E ratio of 17.77. For comparison, its industry has an average Forward P/E of 18.26, which means Campbell Soup is trading at a discount to the group.
Investors should also note that CPB has a PEG ratio of 5.24 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Food - Miscellaneous was holding an average PEG ratio of 2.84 at yesterday's closing price.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 61, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CPB in the coming trading sessions, be sure to utilize Zacks.com.