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Campbell Soup (CPB) Beats Q1 Earnings Estimates, up Y-o-Y
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Campbell Soup Company (CPB - Free Report) , the manufacturer of branded convenience food products, reported first-quarter fiscal 2017 adjusted earnings of $1.00 per share that came ahead of the Zacks Consensus Estimate of 95 cents and increased 5% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has witnessed a downtrend but remained stable for fiscal 2018 in the last 30 days.
Revenues: Campbell Soup generated total sales of $2,202 million that was almost in line with the year-ago and the Zacks Consensus Estimate of $2,201.5 million. Organic sales fell 1% due to decline in Campbell Fresh, partially offset by gain in Global Biscuits and Snacks.
Guidance: Campbell Soup maintained its fiscal 2017 outlook. It expects sales to be flat to up 1%. Adjusted EBIT is expected to increase 1–4% and adjusted earnings per share are anticipated in the range of $3.00–$3.09 per share, reflecting an increase of 2–5% year over year.
Stock Movement: Campbell Soup’s shares dipped nearly 3.7% during pre-market trading hours following the dismal Q1 earnings and sales performance.
Check back later for our full write up on Campbell Soup’s earnings report!
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Campbell Soup (CPB) Beats Q1 Earnings Estimates, up Y-o-Y
Campbell Soup Company (CPB - Free Report) , the manufacturer of branded convenience food products, reported first-quarter fiscal 2017 adjusted earnings of $1.00 per share that came ahead of the Zacks Consensus Estimate of 95 cents and increased 5% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has witnessed a downtrend but remained stable for fiscal 2018 in the last 30 days.
Revenues: Campbell Soup generated total sales of $2,202 million that was almost in line with the year-ago and the Zacks Consensus Estimate of $2,201.5 million. Organic sales fell 1% due to decline in Campbell Fresh, partially offset by gain in Global Biscuits and Snacks.
Guidance: Campbell Soup maintained its fiscal 2017 outlook. It expects sales to be flat to up 1%. Adjusted EBIT is expected to increase 1–4% and adjusted earnings per share are anticipated in the range of $3.00–$3.09 per share, reflecting an increase of 2–5% year over year.
CAMPBELL SOUP Price, Consensus and EPS Surprise
CAMPBELL SOUP Price, Consensus and EPS Surprise | CAMPBELL SOUP Quote
Zacks Rank: Currently, Campbell Soup carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Campbell Soup’s shares dipped nearly 3.7% during pre-market trading hours following the dismal Q1 earnings and sales performance.
Check back later for our full write up on Campbell Soup’s earnings report!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>