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Insights Into Conagra Brands (CAG) Q1: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Conagra Brands (CAG - Free Report) will report quarterly earnings of $0.31 per share in its upcoming release, pointing to a year-over-year decline of 20.5%. It is anticipated that revenues will amount to $2.59 billion, exhibiting a decrease of 1.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Conagra Brands metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Sales- Grocery & Snacks' will reach $1.07 billion. The estimate indicates a change of -1.2% from the prior-year quarter.
Analysts expect 'Sales- Foodservice' to come in at $266.16 million. The estimate indicates a change of +0.6% from the prior-year quarter.
Analysts predict that the 'Sales- International' will reach $210.39 million. The estimate suggests a change of -0.9% year over year.
The collective assessment of analysts points to an estimated 'Sales- Refrigerated & Frozen' of $1.05 billion. The estimate suggests a change of -2.2% year over year.
The average prediction of analysts places 'Price/Mix - Foodservice' at 3.2%. The estimate is in contrast to the year-ago figure of 3.8%.
Analysts' assessment points toward 'Adjusted Operating Profit (loss)- Grocery & Snacks' reaching $193.63 million. Compared to the present estimate, the company reported $220.80 million in the same quarter last year.
The consensus estimate for 'Adjusted Operating Profit (loss)- Refrigerated & Frozen' stands at $92.41 million. The estimate compares to the year-ago value of $114.40 million.
It is projected by analysts that the 'Adjusted Operating Profit (loss)- Foodservice' will reach $25.33 million. The estimate compares to the year-ago value of $27.70 million.
The combined assessment of analysts suggests that 'Adjusted Operating Profit (loss)- International' will likely reach $30.67 million. The estimate is in contrast to the year-ago figure of $37.70 million.
Shares of Conagra Brands have experienced a change of -8.4% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CAG is expected to 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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Insights Into Conagra Brands (CAG) Q1: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Conagra Brands (CAG - Free Report) will report quarterly earnings of $0.31 per share in its upcoming release, pointing to a year-over-year decline of 20.5%. It is anticipated that revenues will amount to $2.59 billion, exhibiting a decrease of 1.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Conagra Brands metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Sales- Grocery & Snacks' will reach $1.07 billion. The estimate indicates a change of -1.2% from the prior-year quarter.
Analysts expect 'Sales- Foodservice' to come in at $266.16 million. The estimate indicates a change of +0.6% from the prior-year quarter.
Analysts predict that the 'Sales- International' will reach $210.39 million. The estimate suggests a change of -0.9% year over year.
The collective assessment of analysts points to an estimated 'Sales- Refrigerated & Frozen' of $1.05 billion. The estimate suggests a change of -2.2% year over year.
The average prediction of analysts places 'Price/Mix - Foodservice' at 3.2%. The estimate is in contrast to the year-ago figure of 3.8%.
Analysts' assessment points toward 'Adjusted Operating Profit (loss)- Grocery & Snacks' reaching $193.63 million. Compared to the present estimate, the company reported $220.80 million in the same quarter last year.
The consensus estimate for 'Adjusted Operating Profit (loss)- Refrigerated & Frozen' stands at $92.41 million. The estimate compares to the year-ago value of $114.40 million.
It is projected by analysts that the 'Adjusted Operating Profit (loss)- Foodservice' will reach $25.33 million. The estimate compares to the year-ago value of $27.70 million.
The combined assessment of analysts suggests that 'Adjusted Operating Profit (loss)- International' will likely reach $30.67 million. The estimate is in contrast to the year-ago figure of $37.70 million.
View all Key Company Metrics for Conagra Brands here>>>Shares of Conagra Brands have experienced a change of -8.4% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CAG is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .