Campbell Soup's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts estimating an EPS of $0.77. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Shares are currently trading at $43.28, down 18.37% over the last 52 weeks, indicating long-term shareholder dissatisfaction. Investors are keen on the upcoming earnings and particularly on the company's guidance for future growth.
March 05, 2024 | 2:01 pm
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NEUTRAL IMPACT
Campbell Soup is expected to report an EPS of $0.77 for the upcoming quarter. Historical performance shows variability in stock price reaction to earnings reports. Currently, shares are down 18.37% over the past year, indicating potential investor concern.
The expected EPS of $0.77 and historical earnings performance suggest a cautious outlook for CPB's short-term stock price movement. The significant 18.37% decline in share price over the past year further emphasizes the importance of the upcoming earnings report and future guidance for investors. However, the mixed historical price reactions post-earnings make the short-term impact less predictable, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100