Conagra Brands(NYSE:CAG) stock fell by 1.46% on Friday after the company reported its Q1 earnings results on Thursday, October 7, 2021 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
Conagra Brands beat their estimated earnings by 2.04%, which did not surprise analysts.
Revenue was up $26,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, 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:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 0.49 | 0.52 | 0.58 | 0.73 | 0.57 |
| EPS Actual | 0.50 | 0.54 | 0.59 | 0.81 | 0.70 |
| Price Change % | -1.46% | -0.26% | -2.98% | 0.86% | 2.82% |
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