Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Should you buy Conagra Brands (CAG) stock ahead of earnings

by Index Investing News
March 31, 2023
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Consumer staples company Conagra Brands Inc. (NYSE: CAG), which owns popular brands like Marie Callender’s, Reddi-wip, and Slim Jim, has been able to beat headwinds like high inflation through prudent pricing actions and continued innovation. The company will be reporting third-quarter earnings next week.

In the past twelve months, Conagra’s stock mostly traded sideways — the highlight was the rise to a record high in January. Though CAG pulled back since then, it continued to trade above the long-term average. If the stock’s flat historical performance is any indication, it is unlikely to make such gains that would result in significant value creation in the near future.

The Stock

Those who buy the shares now might be disappointed. A better way to approach the stock is to keep an eye on it and wait for a suitable entry point. On the positive side, the valuation is cheap and it offers a high dividend yield of 3.6% which is well above the S&P 500 average.

Signaling that 2023 would be a better year than 2022, Conagra executives predict a double-digit increase in full-year adjusted earnings, which marks an improvement from last year when earnings declined about 10%.

Q3 Report Due

The company is set to report results for the third quarter of 2023 on Wednesday, April 5, in the morning. Experts estimate that earnings, adjusted for non-recurring items, increased 10% from last year to $0.64 per share in the February quarter. The average estimate for net sales is $3.09 billion, which is up 6%.

From Conagra Brands’ Q2 2023 earnings call:

“While our gross margin can vary quarter to quarter due to a range of internal and external factors, the strategic pricing actions we have successfully executed, combined with moderating inflation and our strong brands, position us well to recover and maintain a healthy gross margin going forward. Of course, inflation remains elevated in many areas, and we continue to closely monitor our costs just as we have in the past. We will continue to take appropriate inflation-justified pricing actions as needed.”

Financials

In the second quarter, continued strong performance by the grocery and frozen foods segments pushed up total sales by 8% to $3.3 billion, which is also above Wall Street’s projection. Except for international sales, which edged down by 1%, all operating segments registered revenue growth. As a result, adjusted profit climbed 28% to $0.81 per share and came in above estimates — the fourth consecutive earnings beat. Having ended the first half on an upbeat note, the management raised its full-year sales and profit outlook.

CAG is gaining strength ahead of the earnings and the uptrend continued this week, but the stock closed Thursday’s session lower.



Source link

Tags: aheadBrandsbuyCAGConagraEarningsStock
ShareTweetShareShare
Previous Post

As Climate’s Impact on CRE Escalates, How Can Risk Be Managed?  

Next Post

FTX Europe Launches New Website for Customer Balance Withdrawal

Related Posts

AI bubble fueled by zero charges faces inflation wrestle forward – Apollo (ARTY:NYSEARCA)

AI bubble fueled by zero charges faces inflation wrestle forward – Apollo (ARTY:NYSEARCA)

by Index Investing News
May 25, 2025
0

Could 25, 2025 12:43 PM ETiShares Future AI & Tech ETF (ARTY), ROBT, AIQAAPL, GOOG, AMZN, MSFT, NVDA, TSLA, META,...

Prime Wall Road analysts favor these shares for the lengthy haul

Prime Wall Road analysts favor these shares for the lengthy haul

by Index Investing News
May 25, 2025
0

Idrees Abbas | SOPA Photographs | Lightrocket | Getty PhotographsThe rising U.S. funds deficit is on the forefront of traders'...

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

by Index Investing News
May 24, 2025
0

FILE PHOTO: A banner celebrating Rocket Firms Inc., the mother or father firm of U.S. mortgage lender Quicken Loans, IPO...

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

by Index Investing News
May 23, 2025
0

Costco Wholesale Company (NASDAQ: COST) has delivered a formidable efficiency within the first half of FY25, aided by robust membership...

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

by Index Investing News
May 24, 2025
0

Shares of Goal Company (NYSE: TGT) stayed pink on Friday. The inventory has dropped 23% over the previous three months....

Next Post
FTX Europe Launches New Website for Customer Balance Withdrawal

FTX Europe Launches New Website for Customer Balance Withdrawal

Lionel Richie Says Nicole Richie and Drew Barrymore’s Wilder Years ‘Almost Killed Me’

Lionel Richie Says Nicole Richie and Drew Barrymore's Wilder Years 'Almost Killed Me'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Which Country Owns The Most Vehicles Per Capita? – FREEDOMBUNKER

Which Country Owns The Most Vehicles Per Capita? – FREEDOMBUNKER

February 23, 2024
Bitcoin Touches Document-Excessive K, Provides Nearly K in a Week

Bitcoin Touches Document-Excessive $85K, Provides Nearly $20K in a Week

November 11, 2024
Man Utd potential opponents in Europa League quarter-finals

Man Utd potential opponents in Europa League quarter-finals

March 17, 2023
Earnings Abstract: Vacationers Firms reviews larger income, core revenue for Q2

Earnings Abstract: Vacationers Firms reviews larger income, core revenue for Q2

July 22, 2024
Dealmakers brace for slow 2023 recovery after global M&A sinks By Reuters

Dealmakers brace for slow 2023 recovery after global M&A sinks By Reuters

December 21, 2022
Risks in banking sector haven’t ‘come home to roost’: StanChart CEO

Risks in banking sector haven’t ‘come home to roost’: StanChart CEO

April 25, 2023
30 Years On, Genocide Survivors Embark on a Journey To Build a Resilient Future — Global Issues

30 Years On, Genocide Survivors Embark on a Journey To Build a Resilient Future — Global Issues

April 8, 2024
How Previous Is the Legendary Tabla Maestro? – Hollywood Life

How Previous Is the Legendary Tabla Maestro? – Hollywood Life

December 16, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In