Conagra Brands Q2 Adj EPS $0.71 Beats $0.68 Estimate, Sales $3.21B Miss $3.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands (NYSE:CAG) reported Q2 adjusted earnings per share (EPS) of $0.71, surpassing the consensus estimate of $0.68 by 4.41%. However, the EPS represents a 12.35% decline from the previous year's $0.81. Quarterly sales were $3.21 billion, falling short of the $3.24 billion estimate by 0.87% and marking a 3.17% decrease from last year's $3.31 billion.
January 04, 2024 | 12:31 pm
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NEUTRAL IMPACT
Conagra Brands reported a mixed Q2 with an EPS beat but a slight miss on sales estimates, and both earnings and sales saw a year-over-year decline.
The EPS beat may provide some positive sentiment, but the sales miss and year-over-year declines in both EPS and sales could temper any potential stock price gains. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100