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 Q2 Preview: Another EPS Beat Inbound?
Read MoreHide Full Article
Earnings season begins to slow down, with many now shifting their focus to the 2023 Q1 cycle.
However, several companies, including Campbell Soup (CPB - Free Report) , have yet to reveal their results. The company is slated to unveil its quarterly print on March 8th, before the market open.
With its subsidiaries, Campbell Soup is a worldwide manufacturer and marketer of high-quality, branded convenience food products.
How does the company shape up heading into earnings? We can use results received from a few peers, Kellogg’s (K - Free Report) and Tyson Foods (TSN - Free Report) , as a small gauge. Let’s take a closer look.
Kellogg’s Q4
Kellogg’s posted better-than-expected quarterly results, exceeding the Zacks Consensus EPS Estimate by nearly 12%.
Quarterly revenue totaled $3.8 billion, nearly 5% ahead of expectations and growing by a solid 11% year-over-year thanks to sustained momentum in snacks and emerging markets.
Image Source: Zacks Investment Research
In addition, Q4 operating profit climbed 2% year-over-year, primarily driven by strong, pricing-led net sales growth.
And to top it off, the company provided guidance for FY23; Kellogg’s expects organic net sales growth in a range of 5% – 7% and adjusted operating profit growth of 7% – 9% on a currency-neutral basis.
Shares got a modest boost following the release, as we can see illustrated by the green arrow in the chart below.
Image Source: Zacks Investment Research
Tyson Foods Q1
Tyson posted mixed top and bottom line results, falling short of the Zacks Consensus EPS Estimate by 37%.
The company generated $13.3 billion in revenue throughout the period, roughly 1% above expectations and growing 3% from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, GAAP operating income totaled $467 million, falling roughly 68% from the year-ago quarter. Tyson exited the quarter with approximately $2.9 billion in liquidity.
Donnie King, CEO, on the quarter, “We faced some challenges in the first quarter. Market dynamics and some operational inefficiencies impacted our profitability. We expect to improve our performance through the back half of fiscal 2023 and into the future, as we strive to execute with excellence and work to become best in class in our industry.”
Shares faced selling following the release.
Image Source: Zacks Investment Research
Now, onto Campbell Soup.
Campbell Soup
Quarterly Estimates –
Analysts have primarily had mixed views for the quarter to be reported, with a singular upward and downward earnings estimate revision hitting the tape over the near term. The Zacks Consensus EPS Estimate of $0.73 suggests a 6% climb in earnings year-over-year.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate presently stands at $2.4 billion, 10% higher than year-ago sales of $2.2 billion.
Quarterly Performance
CPB has primarily exceeded bottom line estimates, penciling in five EPS beats across its last six quarters.
Revenue results have also been primarily positive, with the company exceeding top line expectations in three consecutive quarters.
Image Source: Zacks Investment Research
Putting Everything Together
Earnings season is winding down, and soon, we’ll hear from Campbell Soup (CPB - Free Report) .
We’ve heard from a few peers, including Tyson Foods (TSN - Free Report) and Kellogg’s (K - Free Report) .
Analysts have primarily been mixed in their earnings outlook for CPB, with estimates suggesting year-over-year climbs in revenue and earnings.
Heading into the release, Campbell Soup is currently a Zacks Rank #2 (Buy) with an Earnings ESP Score of -0.5%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Campbell Soup Q2 Preview: Another EPS Beat Inbound?
Earnings season begins to slow down, with many now shifting their focus to the 2023 Q1 cycle.
However, several companies, including Campbell Soup (CPB - Free Report) , have yet to reveal their results. The company is slated to unveil its quarterly print on March 8th, before the market open.
With its subsidiaries, Campbell Soup is a worldwide manufacturer and marketer of high-quality, branded convenience food products.
How does the company shape up heading into earnings? We can use results received from a few peers, Kellogg’s (K - Free Report) and Tyson Foods (TSN - Free Report) , as a small gauge. Let’s take a closer look.
Kellogg’s Q4
Kellogg’s posted better-than-expected quarterly results, exceeding the Zacks Consensus EPS Estimate by nearly 12%.
Quarterly revenue totaled $3.8 billion, nearly 5% ahead of expectations and growing by a solid 11% year-over-year thanks to sustained momentum in snacks and emerging markets.
Image Source: Zacks Investment Research
In addition, Q4 operating profit climbed 2% year-over-year, primarily driven by strong, pricing-led net sales growth.
And to top it off, the company provided guidance for FY23; Kellogg’s expects organic net sales growth in a range of 5% – 7% and adjusted operating profit growth of 7% – 9% on a currency-neutral basis.
Shares got a modest boost following the release, as we can see illustrated by the green arrow in the chart below.
Image Source: Zacks Investment Research
Tyson Foods Q1
Tyson posted mixed top and bottom line results, falling short of the Zacks Consensus EPS Estimate by 37%.
The company generated $13.3 billion in revenue throughout the period, roughly 1% above expectations and growing 3% from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, GAAP operating income totaled $467 million, falling roughly 68% from the year-ago quarter. Tyson exited the quarter with approximately $2.9 billion in liquidity.
Donnie King, CEO, on the quarter, “We faced some challenges in the first quarter. Market dynamics and some operational inefficiencies impacted our profitability. We expect to improve our performance through the back half of fiscal 2023 and into the future, as we strive to execute with excellence and work to become best in class in our industry.”
Shares faced selling following the release.
Image Source: Zacks Investment Research
Now, onto Campbell Soup.
Campbell Soup
Quarterly Estimates –
Analysts have primarily had mixed views for the quarter to be reported, with a singular upward and downward earnings estimate revision hitting the tape over the near term. The Zacks Consensus EPS Estimate of $0.73 suggests a 6% climb in earnings year-over-year.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate presently stands at $2.4 billion, 10% higher than year-ago sales of $2.2 billion.
Quarterly Performance
CPB has primarily exceeded bottom line estimates, penciling in five EPS beats across its last six quarters.
Revenue results have also been primarily positive, with the company exceeding top line expectations in three consecutive quarters.
Image Source: Zacks Investment Research
Putting Everything Together
Earnings season is winding down, and soon, we’ll hear from Campbell Soup (CPB - Free Report) .
We’ve heard from a few peers, including Tyson Foods (TSN - Free Report) and Kellogg’s (K - Free Report) .
Analysts have primarily been mixed in their earnings outlook for CPB, with estimates suggesting year-over-year climbs in revenue and earnings.
Heading into the release, Campbell Soup is currently a Zacks Rank #2 (Buy) with an Earnings ESP Score of -0.5%.