Top Wall Street Forecasters Revamp Conagra Brands Expectations Ahead Of Q4 Earnings

Conagra Brands, Inc. CAG will release its fiscal 2024 fourth quarter financial results, before the opening bell on Thursday, July 11.

Analysts expect the Chicago, Illinois-based company to report quarterly earnings at 57 cents per share, down from 62 cents per share in the year-ago period. Conagra Brands is expected to post revenue of $2.93 billion, compared to $2.97 billion a year earlier, according to data from Benzinga Pro.

On April 11, Conagra Brands announced a quarterly dividend payment of 35 cents per share.

Conagra Brands shares gained 0.6% to close at $28.40 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Stifel analyst Matthew Smith maintained a Hold rating and raised the price target from $29 to $32 on April 5. This analyst has an accuracy rate of 64%.
• Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and increased the price target from $30 to $32 on April 5. This analyst has an accuracy rate of 64%.
• Evercore ISI Group analyst David Palmer downgraded the stock from Outperform to Neutral with a price target of $32 on Dec. 11, 2023. This analyst has an accuracy rate of 67%.
• Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and cut the price target from $37 to $29 on Oct. 9, 2023. This analyst has an accuracy rate of 70%.
• Jefferies analyst Rob Dickerson maintained a Hold rating and slashed the price target from $30 to $28 on Oct. 6, 2023. This analyst has an accuracy rate of 70%.

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