CORRECTION: Conagra Brands Sees FY24 Adj EPS of $2.70-$2.75 Vs. $2.85 Estimate
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands has revised its FY24 adjusted EPS forecast to $2.70 - $2.75, down from the previous estimate of $2.85.
July 13, 2023 | 12:23 pm
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Conagra Brands has lowered its FY24 adjusted EPS forecast, which may negatively impact investor sentiment and the stock price.
Earnings per share (EPS) is a key indicator of a company's profitability. A downward revision in EPS forecast often leads to a negative investor sentiment, which could result in a decrease in the company's stock price.
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