Analysts Adjust Forecasts Ahead of Conagra Brands' Earnings Release
Upcoming Earnings for Conagra Brands Inc.
Conagra Brands, Inc. (NYSE:CAG) is set to announce its earnings shortly for the first quarter, creating anticipation among investors and analysts alike.
Analysts’ Earnings Expectations
For this quarter, experts anticipate that the renowned Chicago-based company will disclose earnings of roughly 33 cents per share. This figure represents a decrease from 53 cents per share recorded in the same period last year. Additionally, they forecast Conagra Brands to report quarterly revenue of approximately $2.62 billion, a decline from the previous $2.79 billion.
Recent Performance Overview
In its last financial report dated July 10, Conagra Brands faced challenges, delivering fourth-quarter results that did not meet market expectations. Furthermore, the company provided a lower than expected adjusted EPS guidance for FY26, raising concerns among investors.
Stock Performance Insights
As of the latest trading session, Conagra Brands' shares experienced a slight drop of 0.8%, closing at $18.04. This decline reflects investor sentiment surrounding the upcoming earnings and the company's recent performance.
Analyst Ratings and Price Targets
In light of the forthcoming earnings announcement, several analysts have recently updated their ratings and price targets for Conagra Brands:
- Wells Fargo analyst Chris Carey maintained an Equal-Weight rating but revised the price target downward from $20 to $19. This analyst boasts an accuracy rate of 58%.
- Evercore ISI Group analyst David Palmer kept an In-Line rating and lowered the price target from $24 to $23, achieving an accuracy rate of 53%.
- Morgan Stanley analyst Megan Alexander sustained an Equal-Weight rating while increasing the price target from $20 to $21, boasting an accuracy rate of 64%.
- UBS analyst Bryan Adams has maintained a Neutral rating and reduced the price target from $20 to $19 with an accuracy of 68%.
- Stifel analyst Matthew Smith maintained a Hold rating and sharply cut the price target from $26 to $21, ensuring an accuracy rate of 57%.
Investor Sentiment
Investors are keenly observing the insights provided by these analysts regarding Conagra Brands (CAG) stock. Their revised predictions often influence decision-making for potential buyers considering an investment in CAG shares.
Frequently Asked Questions
What earnings are expected from Conagra Brands?
Analysts project earnings of 33 cents per share for the upcoming quarter, down from 53 cents last year.
How did Conagra Brands perform in its last quarter?
The company reported weaker-than-expected fourth-quarter financial results, prompting concerns about future performance.
What is the latest stock price for Conagra Brands?
As of the recent trading session, Conagra's shares closed at $18.04, reflecting a slight decline.
How do analysts rate Conagra Brands?
Analysts provide a range of ratings, with price targets adjusted based on recent performance and market conditions.
Why are analysts revising their forecasts?
Analysts are adapting their forecasts due to underwhelming financial results and evolving market conditions impacting Conagra Brands.
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