Campbell Soup Likely To Post Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Campbell Soup Company (NYSE:CPB) is expected to report lower Q4 earnings of 50 cents per share, down from 56 cents per share a year ago. The company's revenue is projected to be $2.06 billion, up from $1.99 billion in the year-ago period. Several analysts have recently adjusted their price targets for the company, with most maintaining a neutral or hold rating.
August 31, 2023 | 7:01 am
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Campbell Soup's expected lower Q4 earnings and slight increase in revenue may impact its stock price. Analysts have adjusted their price targets, but most maintain a neutral or hold rating.
The expected decrease in earnings could negatively impact Campbell Soup's stock price in the short term. However, the slight increase in projected revenue and the neutral/hold ratings from analysts suggest that the impact may not be severe.
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IMPORTANCE 80
RELEVANCE 100