Citigroup Earnings Preview For Cambell Soup (CPB)

Cambell Soup Company (CPB) is scheduled to report its F4Q10 earnings on Friday, September 3rd. According to Citigroup analysts, "The fourth quarter represents a seasonally slow period for CPB as soup is out of season and thus typically represents only 10%-15% of CPB's full year earnings." Citi is expecting a -0.9% sales decline for CPB in the fourth quarter. The analysts are also modeling a -50 basis point year-over-year decline in gross margins to 40.1% due to reduced pricing levels. Citi has a Hold rating on the stock with a price target of $38.00. During today's trading session, CPB has lost 0.38% to $37.12.