Back to top

Image: Bigstock

Conagra Brands (CAG) Beats on Q1 FY 2018 Earnings & Revenues

Read MoreHide Full Article

Conagra Brands, Inc. (CAG - Free Report) has carved a name for itself in the processed & packaging food industry with superior processed food items for household and commercial clients.

Currently, CAG has a Zacks Rank #3 (Hold), but that could definitely change after the release of its first-quarter fiscal 2018 (ended Aug 31, 2017) results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings:  CAG’s adjusted earnings from continuing operations in first-quarter fiscal 2018, came in at 46 cents, above with the Zacks Consensus Estimate of 41 cents.

Revenue: CAG posted revenues of $1,804.2 million, above the Zacks Consensus Estimate of $1,787 million.     

Key Stats: CAG is poised to grow on the back of stronger innovation, ongoing volume strategy and increased sales. The company reaffirmed its earnings guidance range within 1.84-$1.89 per share for fiscal 2018. Moreover, Conagra plans to buyback roughly $1.1 billion worth shares of its common stock in fiscal 2018.

Stock Price:  Shares prices of CAG did not change on a pre-market trading basis.

As of Sep 27, 2017, CAG’s closed the trading session at $33.34 per share.  

Check back our full write up on this CAG earnings report later!

More Stock News: This Is Bigger than the iPhone!                   

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.  

Click here for the 6 trades >>


In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

CONAGRA BRANDS (CAG) - free report >>

Published in