Conagra Brands Q1 Adj $0.53 Misses $0.60 Estimate, Sales $2.79B Miss $2.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands reported Q1 earnings of $0.53 per share, missing the $0.60 estimate, and sales of $2.79 billion, missing the $2.84 billion estimate. Both earnings and sales decreased compared to the same period last year.
October 02, 2024 | 11:33 am
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NEGATIVE IMPACT
Conagra Brands reported Q1 earnings and sales that missed analyst estimates, with both metrics showing a decline from the previous year.
Conagra Brands' Q1 earnings per share and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The decrease in both earnings and sales compared to the previous year further supports a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100