Earnings Outlook For Conagra Brands

CAG is set to give its latest quarterly earnings report on Thursday , 2021-10-07. Here's what investors need to know before the announcement.

Analysts estimate that Conagra Brands will likely report an Earnings Per Share (EPS) of $0.48

Conagra Brands bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by $3.85, which was followed by a 0.26 drop in the share price the next day.

Here's a look at Conagra Brands's past performance and the resulting price change:

Stock Performance

Shares of Conagra Brands were trading at $34.27 as of October 05. Over the last 52-week period, shares are down 8.05%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

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