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Exploring Analyst Estimates for Campbell (CPB) Q3 Earnings, Beyond Revenue and EPS
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The upcoming report from Campbell's (CPB - Free Report) is expected to reveal quarterly earnings of $0.48 per share, indicating a decline of 34.3% compared to the year-ago period. Analysts forecast revenues of $2.39 billion, representing a decline of 3.6% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during 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 rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Campbell metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Net Sales- Meals & Beverages' to come in at $1.45 billion. The estimate suggests a change of -1% year over year.
The consensus among analysts is that 'Net Sales- Snacks' will reach $938.80 million. The estimate indicates a change of -7.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Earnings- Meals & Beverages' should arrive at $218.01 million. The estimate is in contrast to the year-ago figure of $248.00 million.
According to the collective judgment of analysts, 'Operating Earnings- Snacks' should come in at $89.46 million. The estimate is in contrast to the year-ago figure of $145.00 million.
Over the past month, shares of Campbell have returned +0.4% versus the Zacks S&P 500 composite's +5.4% change. Currently, CPB carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Campbell (CPB) Q3 Earnings, Beyond Revenue and EPS
The upcoming report from Campbell's (CPB - Free Report) is expected to reveal quarterly earnings of $0.48 per share, indicating a decline of 34.3% compared to the year-ago period. Analysts forecast revenues of $2.39 billion, representing a decline of 3.6% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during 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 rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Campbell metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Net Sales- Meals & Beverages' to come in at $1.45 billion. The estimate suggests a change of -1% year over year.
The consensus among analysts is that 'Net Sales- Snacks' will reach $938.80 million. The estimate indicates a change of -7.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Earnings- Meals & Beverages' should arrive at $218.01 million. The estimate is in contrast to the year-ago figure of $248.00 million.
According to the collective judgment of analysts, 'Operating Earnings- Snacks' should come in at $89.46 million. The estimate is in contrast to the year-ago figure of $145.00 million.
View all Key Company Metrics for Campbell here>>>Over the past month, shares of Campbell have returned +0.4% versus the Zacks S&P 500 composite's +5.4% change. Currently, CPB carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .