A Preview Of Campbell Soup's Earnings
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) is set to release its latest quarterly earnings report on August 31, 2023. Analysts estimate an earnings per share (EPS) of $0.50. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 14.74% over the last 52-week period.
August 30, 2023 | 3:00 pm
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Campbell Soup's upcoming earnings report could potentially impact its stock price. Despite past EPS beats, the stock has been down 14.74% over the last 52-week period.
Campbell Soup's stock price could be influenced by its upcoming earnings report. The company has a history of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 14.74% over the last 52-week period, indicating a bearish sentiment among long-term shareholders. The earnings report could either reinforce this sentiment or trigger a reversal, depending on whether the company meets or beats the EPS estimate and provides positive guidance for the next quarter.
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IMPORTANCE 80
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