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Campbell (CPB) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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The upcoming report from Campbell's (CPB - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 8.8% compared to the year-ago period. Analysts forecast revenues of $2.74 billion, representing an increase of 11.5% year over year.
The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Campbell metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Meals & Beverages' should arrive at $1.71 billion. The estimate points to a change of +23.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Snacks' should come in at $1.03 billion. The estimate indicates a year-over-year change of -3.7%.
The consensus among analysts is that 'Operating Earnings- Meals & Beverages' will reach $287.51 million. The estimate compares to the year-ago value of $247 million.
Analysts predict that the 'Operating Earnings- Snacks' will reach $143.77 million. The estimate compares to the year-ago value of $161 million.
Over the past month, Campbell shares have recorded returns of +0.6% versus the Zacks S&P 500 composite's -2.4% change. Based on its Zacks Rank #3 (Hold), CPB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Campbell (CPB) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from Campbell's (CPB - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 8.8% compared to the year-ago period. Analysts forecast revenues of $2.74 billion, representing an increase of 11.5% year over year.
The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Campbell metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Meals & Beverages' should arrive at $1.71 billion. The estimate points to a change of +23.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Snacks' should come in at $1.03 billion. The estimate indicates a year-over-year change of -3.7%.
The consensus among analysts is that 'Operating Earnings- Meals & Beverages' will reach $287.51 million. The estimate compares to the year-ago value of $247 million.
Analysts predict that the 'Operating Earnings- Snacks' will reach $143.77 million. The estimate compares to the year-ago value of $161 million.
View all Key Company Metrics for Campbell here>>>
Over the past month, Campbell shares have recorded returns of +0.6% versus the Zacks S&P 500 composite's -2.4% change. Based on its Zacks Rank #3 (Hold), CPB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>