Conagra Brands Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Conagra Brands, Inc. (NYSE:CAG) is expected to report its fiscal 2024 Q2 earnings before the market opens on Jan. 4, 2024. Analysts predict earnings of 68 cents per share, down from 81 cents a year earlier, and revenue of $3.24 billion. The company has declared a quarterly dividend of 35 cents per share. Conagra's stock price dropped slightly by 0.2% to $29.48. Analysts from Evercore ISI Group, Morgan Stanley, Jefferies, TD Cowen, and JP Morgan have provided various ratings and price targets for Conagra, with accuracy rates ranging from 63% to 81%.
January 04, 2024 | 6:24 am
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NEUTRAL IMPACT
Conagra Brands is anticipated to report lower earnings per share compared to last year and has announced a dividend. The stock experienced a minor decline recently. Analysts have mixed views with various price targets and ratings.
The expected decrease in earnings per share could be a negative signal to investors, but the declaration of a dividend may offset some concerns. The recent stock price drop is minimal, indicating a neutral market reaction. Analyst ratings and price target revisions suggest uncertainty, leading to a neutral short-term impact score. The relevance is high as the news is directly about Conagra. The importance is significant due to the upcoming earnings report, but not critical as the changes are not drastic. Confidence in this analysis is high due to the clear data provided by analysts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100