We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Unlocking Q1 Potential of Campbell (CPB): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Campbell's (CPB - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 18% compared to the year-ago period. Analysts forecast revenues of $2.66 billion, representing a decline of 4.1% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Campbell metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Meals & Beverages' to come in at $1.63 billion. The estimate indicates a change of -4.2% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Snacks' at $1.03 billion. The estimate indicates a year-over-year change of -3.7%.
It is projected by analysts that the 'Operating Earnings- Meals & Beverages' will reach $291.75 million. Compared to the present estimate, the company reported $337.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Operating Earnings- Snacks' should come in at $136.65 million. Compared to the present estimate, the company reported $142.00 million in the same quarter last year.
Over the past month, shares of Campbell have returned -0.9% versus the Zacks S&P 500 composite's +0.1% change. Currently, CPB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q1 Potential of Campbell (CPB): Exploring Wall Street Estimates for Key Metrics
The upcoming report from Campbell's (CPB - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 18% compared to the year-ago period. Analysts forecast revenues of $2.66 billion, representing a decline of 4.1% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Campbell metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Meals & Beverages' to come in at $1.63 billion. The estimate indicates a change of -4.2% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Snacks' at $1.03 billion. The estimate indicates a year-over-year change of -3.7%.
It is projected by analysts that the 'Operating Earnings- Meals & Beverages' will reach $291.75 million. Compared to the present estimate, the company reported $337.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Operating Earnings- Snacks' should come in at $136.65 million. Compared to the present estimate, the company reported $142.00 million in the same quarter last year.
View all Key Company Metrics for Campbell here>>>Over the past month, shares of Campbell have returned -0.9% versus the Zacks S&P 500 composite's +0.1% change. Currently, CPB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .