Conagra Brands Q1 Adj. EPS $0.66 Beats $0.60 Estimate, Sales $2.90B Miss $2.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands (NYSE:CAG) reported Q1 adjusted earnings of $0.66 per share, beating the analyst consensus estimate of $0.60 by 10%. However, the company's quarterly sales of $2.90 billion missed the analyst consensus estimate of $2.95 billion by 1.56%. The sales figure is the same as the same period last year.
October 05, 2023 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Conagra Brands beat Q1 EPS estimates but missed on sales. This mixed result could lead to a neutral or slightly negative short-term impact on the stock.
Conagra Brands reported a beat on earnings per share, which is a positive signal. However, the company missed on sales, which is a negative signal. These mixed signals could lead to a neutral or slightly negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100