Conagra Brands Likely To Report Lower Q3 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Conagra Brands, Inc. (NYSE:CAG) is expected to report lower Q3 earnings with an estimate of 65 cents per share, down from 76 cents per year ago, and revenue of $3.01 billion. The company also divested its 51.8% stake in Agro Tech Foods Limited. Shares fell 1.7% to $29.06. Analysts have adjusted their ratings and price targets, with changes including downgrades and reductions in price targets.
April 04, 2024 | 7:51 am
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Conagra Brands is anticipated to report decreased Q3 earnings and has recently divested its stake in Agro Tech Foods Limited. Analysts have adjusted their ratings and price targets, indicating mixed expectations.
The expected decrease in Q3 earnings and the recent divestiture of its stake in Agro Tech Foods Limited, combined with a drop in share price and mixed analyst ratings, suggest a negative short-term impact on CAG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100