Conagra Beat Earnings Estimates. Why The Stock Is Taking a Tumble.
The snack brands owner reported adjusted earnings per share of 61 cents, beating Wall Street's call for 57 cents.
Conagra's stock slumps after revenue miss, downbeat profit outlook
Shares of Conagra Brands Inc. CAG, +0.24% sank 3.5% toward a four-month low in premarket trading Thursday, after the branded foods company reported fiscal fourth-quarter revenue that fell shy of forecasts and provided a downbeat profit outlook. The company, with brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye, swung to a net loss for the quarter to May 26 of $567.3 million, or $1.18 a share, from net income of $37.5 million, or 8 cents a share, in the same period a year ago.
Conagra Brands forecasts annual organic sales below estimates on tepid demand
Conagra Brands forecast annual organic sales below estimates on Thursday as cash-strapped shoppers turned to cheaper alternatives for their at-home meals as high living costs continued to weigh on sales volumes.
Top Wall Street Forecasters Revamp Conagra Brands Expectations Ahead Of Q4 Earnings
Conagra Brands, Inc. CAG will release its fiscal 2024 fourth quarter financial results, before the opening bell on Thursday, July 11.
Conagra: The Company's Upside Remains Elevated Going Into Q4
Analysts have a target range of $29 to $34 per share, but I believe the company has a PT of at least $36.5/share, making it a "BUY". Conagra Brands is set to present earnings for 1Q24 in three days, with potential upside for investors. The company has shown improvements in operating profit, net margin, and cost savings, positioning it for future growth.
Conagra Brands (CAG) Q4 Earnings Coming Up: Factors to Note
Conagra Brands' (CAG) fourth-quarter performance is likely to reflect lower volumes due to an industry-wide slowdown in consumption.
3 Undervalued Stocks Set for Explosive Growth in Q3
Those seeking promising opportunities often turn to undervalued growth stocks for potential high returns. Despite their current market perception, these stocks possess underlying strengths that could lead to substantial appreciation.
Conagra's (CAG) Upcoming Launches Reinforce Focus on Innovation
Conagra (CAG) is launching an impressive array of more than 50 new products this summer, spanning single-serve and multi-serve frozen meals, frozen vegetables and snacks.
Conagra's (CAG) Brand-Building Efforts Aid Amid Volume Concerns
Conagra (CAG) continues to be driven by its focus on brand-building through innovation, merchandising and advertising. These bode well amid an industry-wide slowdown in consumption.
Will Conagra Brands (CAG) Beat Estimates Again in Its Next Earnings Report?
Conagra Brands (CAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The Top 7 Stocks to Buy for 2024's Second Half
The optimization of investing strategies is contingent upon the identification of top stocks to buy at a time characterized by economic instability and swift technical improvements. Knowing which stocks to buy is crucial as we enter the second half 2024.
Should Value Investors Buy Conagra Brands (CAG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
