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Conagra Brands (CAG) Beats on Q2 FY'18 Earnings & Revenues
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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.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: CAG’s adjusted earnings from continuing operations in second-quarter fiscal 2018, came in at 55 cents, above with the Zacks Consensus Estimate of 52 cents.
Revenue: CAG posted revenues of $2,173.4 million, above the Zacks Consensus Estimate of $2,070 million.
Key Stats: CAG is poised to grow on the back of stronger sales, greater innovation and efficient operations. The company anticipates to accrue earnings near the higher-end of the previously stated guidance range of $1.84-$1.89 per share for fiscal 2018. The company anticipates to experience input cost inflation of roughly 3.7% for fiscal 2018.
Stock Price: At the time of writing, the stock price of CAG was up nearly 3.07% ($1.17) in the pre-market trade on Nasdaq. Clearly the initial reaction to the release is optimistic. We view the company’s better-than-expected second-quarter 2018 result as the primary reason behind the positive sentiment.
Shares prices of CAG did not change on a pre-market trading basis.
As of Dec 20, 2017, CAG’s closed the trading session at $38.14 per share.
Check back our full write up on this CAG earnings report later!
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Conagra Brands (CAG) Beats on Q2 FY'18 Earnings & Revenues
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 #2 (Buy), but that could definitely change after the release of its second-quarter fiscal 2018 (ended November, 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 second-quarter fiscal 2018, came in at 55 cents, above with the Zacks Consensus Estimate of 52 cents.
Revenue: CAG posted revenues of $2,173.4 million, above the Zacks Consensus Estimate of $2,070 million.
Key Stats: CAG is poised to grow on the back of stronger sales, greater innovation and efficient operations. The company anticipates to accrue earnings near the higher-end of the previously stated guidance range of $1.84-$1.89 per share for fiscal 2018. The company anticipates to experience input cost inflation of roughly 3.7% for fiscal 2018.
Stock Price: At the time of writing, the stock price of CAG was up nearly 3.07% ($1.17) in the pre-market trade on Nasdaq. Clearly the initial reaction to the release is optimistic. We view the company’s better-than-expected second-quarter 2018 result as the primary reason behind the positive sentiment.
Shares prices of CAG did not change on a pre-market trading basis.
As of Dec 20, 2017, CAG’s closed the trading session at $38.14 per share.
Conagra Brands Inc. Price
Conagra Brands Inc. Price | Conagra Brands Inc. Quote
Check back our full write up on this CAG earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>