Earnings Preview For Campbell Soup
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $0.77. The company's past earnings performance shows mixed results, with a slight increase in share price following last quarter's earnings beat. Shares are currently trading at $43.28, down 18.89% over the last year. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 05, 2024 | 8:01 pm
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NEUTRAL IMPACT
Campbell Soup is expected to report an EPS of $0.77 for the upcoming quarter. Historical data shows a mixed impact on stock prices post-earnings, with a slight increase after last quarter's beat. Currently, shares are down 18.89% over the past year.
The expected EPS of $0.77 sets a cautious tone for investors, given CPB's mixed historical earnings performance and the current downward trend in stock price. The emphasis on future guidance as a potential price mover suggests that the announcement could swing the stock in either direction, depending on the outlook provided. However, the recent trend and historical volatility post-earnings indicate a neutral short-term impact expectation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100