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Conagra Brands (CAG) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended May 2023, Conagra Brands (CAG - Free Report) reported revenue of $2.97 billion, up 2.2% over the same period last year. EPS came in at $0.62, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of -1.57% over the Zacks Consensus Estimate of $3.02 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +3.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Conagra Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales growth - Total Sales: 2.2% versus 4.43% estimated by five analysts on average.
Organic net sales growth - Foodservice: 5.5% versus the four-analyst average estimate of 8.17%.
Net sales growth - International: 8.6% compared to the 6.85% average estimate based on four analysts.
Net sales growth - Foodservice: 5.5% versus 8.17% estimated by four analysts on average.
Volume (Organic) - Consolidated: -7.7% versus -5.03% estimated by four analysts on average.
Price/Mix - Consolidated: 9.9% compared to the 9.78% average estimate based on four analysts.
Volume (Organic) - Grocery and Snacks: -5.5% compared to the -5.1% average estimate based on four analysts.
Price/Mix - Grocery and Snacks: 9.1% versus the four-analyst average estimate of 7.99%.
Sales- Grocery & Snacks: $1.20 billion versus the five-analyst average estimate of $1.19 billion. The reported number represents a year-over-year change of +3.6%.
Sales- Foodservice: $303.30 million compared to the $309.97 million average estimate based on five analysts. The reported number represents a change of +5.5% year over year.
Sales- International: $250.60 million compared to the $245.87 million average estimate based on five analysts. The reported number represents a change of +8.6% year over year.
Sales- Refrigerated & Frozen: $1.22 billion versus the five-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of -1.1%.
Shares of Conagra Brands have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Conagra Brands (CAG) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended May 2023, Conagra Brands (CAG - Free Report) reported revenue of $2.97 billion, up 2.2% over the same period last year. EPS came in at $0.62, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of -1.57% over the Zacks Consensus Estimate of $3.02 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +3.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Conagra Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales growth - Total Sales: 2.2% versus 4.43% estimated by five analysts on average.
- Organic net sales growth - Foodservice: 5.5% versus the four-analyst average estimate of 8.17%.
- Net sales growth - International: 8.6% compared to the 6.85% average estimate based on four analysts.
- Net sales growth - Foodservice: 5.5% versus 8.17% estimated by four analysts on average.
- Volume (Organic) - Consolidated: -7.7% versus -5.03% estimated by four analysts on average.
- Price/Mix - Consolidated: 9.9% compared to the 9.78% average estimate based on four analysts.
- Volume (Organic) - Grocery and Snacks: -5.5% compared to the -5.1% average estimate based on four analysts.
- Price/Mix - Grocery and Snacks: 9.1% versus the four-analyst average estimate of 7.99%.
- Sales- Grocery & Snacks: $1.20 billion versus the five-analyst average estimate of $1.19 billion. The reported number represents a year-over-year change of +3.6%.
- Sales- Foodservice: $303.30 million compared to the $309.97 million average estimate based on five analysts. The reported number represents a change of +5.5% year over year.
- Sales- International: $250.60 million compared to the $245.87 million average estimate based on five analysts. The reported number represents a change of +8.6% year over year.
- Sales- Refrigerated & Frozen: $1.22 billion versus the five-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of -1.1%.
View all Key Company Metrics for Conagra Brands here>>>Shares of Conagra Brands have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.