Campbell Soup CPB reported its Q4 earnings results on Thursday, September 1, 2022 at 07:15 AM.
Here's what investors need to know about the announcement.
Earnings
Campbell Soup reported in-line EPS of $0.56 versus an estimate of $0.56.
Revenue was up $114.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 0.66% drop in the share price the next day.
Here's a look at Campbell Soup's past performance:
Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS Estimate | 0.61 | 0.69 | 0.81 | 0.47 |
EPS Actual | 0.70 | 0.69 | 0.89 | 0.55 |
Revenue Estimate | 2.05B | 2.24B | 2.28B | 1.81B |
Revenue Actual | 2.13B | 2.21B | 2.24B | 1.87B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Campbell Soup management provided guidance for FY 2023, expecting earnings between $2.85 and $2.95 per share.
To track all earnings releases for Campbell Soup visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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