Conagra Brands, Inc. CAG will release its fiscal 2024 fourth quarter financial results, before the opening bell on Thursday, July 11.
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) fourth-quarter performance is likely to reflect lower volumes due to an industry-wide slowdown in consumption.
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 (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 (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.
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.
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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.
Conagra Brands' revenue growth is expected to turn positive in FY25 due to easing Y/Y comparisons and sequential volume recovery. The company's execution in launching innovative products and replicating successful strategies in other categories should aid market share and revenue growth. The stock is trading at a discount compared to historical averages, making it a good buy with improving revenue outlook and margin expansion prospects.
Income investors should pay special attention to high-yield dividend stocks, especially if these stocks are safe and are trading at a valuation with little downside risk. I think it is a good idea to sit on these discounted dividend stocks and let them compound rather than putting your money into some of the more overvalued names today.