Conagra Brands (NYSE:CAG) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-02. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Conagra Brands will report an earnings per share (EPS) of $0.59.
The market awaits Conagra Brands's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Overview of Past Earnings
Last quarter the company beat EPS by $0.04, which was followed by a 0.11% drop in the share price the next day.
Here's a look at Conagra Brands's past performance and the resulting price change:
Quarter
Q4 2024
Q3 2024
Q2 2024
Q1 2024
EPS Estimate
0.57
0.65
0.68
0.60
EPS Actual
0.61
0.69
0.71
0.66
Price Change %
-0.0%
1.0%
-2.0%
2.0%
Market Performance of Conagra Brands's Stock
Shares of Conagra Brands were trading at $32.52 as of September 30. Over the last 52-week period, shares are up 23.46%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Perspectives on Conagra Brands
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Conagra Brands.
With 7 analyst ratings, Conagra Brands has a consensus rating of Neutral. The average one-year price target is $32.0, indicating a potential 1.6% downside.
Comparing Ratings Among Industry Peers
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