Wall Street analysts expect Campbell's (CPB) to post quarterly earnings of $0.57 per share in its upcoming report, which indicates a year-over-year decline of 23%. Revenues are expected to be $2.61 billion, down 2.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.4% 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.
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 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.
That said, let's delve into the average estimates of some Campbell metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net Sales- Meals & Beverages' will likely reach $1.65 billion. The estimate points to a change of -1.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Snacks' of $953.22 million. The estimate points to a change of -5.3% from the year-ago quarter.
The consensus estimate for 'Operating Earnings- Meals & Beverages' stands at $245.98 million. Compared to the current estimate, the company reported $291.00 million in the same quarter of the previous year.
Analysts predict that the 'Operating Earnings- Snacks' will reach $112.64 million. Compared to the current estimate, the company reported $114.00 million in the same quarter of the previous year.
View all Key Company Metrics for Campbell here>>>
Over the past month, shares of Campbell have returned -12.7% versus the Zacks S&P 500 composite's +0.6% change. Currently, CPB carries a Zacks Rank #4 (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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The Campbell's Company (CPB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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