Q3 Earnings Preview For Conagra Brands

On Tuesday, Conagra Brands CAG will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Conagra Brands EPS will likely be near 48 cents while revenue will be around $2.58 billion, according to analysts.

In the same quarter last year, Conagra Brands posted a profit of 51 cents on sales of $2.71 billion. If the company were to post earnings inline with the consensus estimate when it reports Tuesday, EPS would be down 5.88%. Revenue would be down 4.69% on a year-over-year basis. Here's how the company's reported EPS has compared to analyst estimates in the past:

Stock Performance

For a full 12 months, the return has risen by 2.25%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Conagra Brands. The strength of this rating has maintained conviction over the past three months.

Conference Call

Conagra Brands is scheduled to hold a conference call at 9:30 a.m. ET and it can be accessed here: https://78449.choruscall.com/dataconf/productusers/cag/mediaframe/36108/indexr.html