Companies and Brands
What to Expect When Campbell Soup Reports Wednesday Morning
Published:
Last Updated:
Campbell Soup Co. (NYSE: CPB) is scheduled to release its most recent quarterly results before the markets open on Friday. The consensus estimates are calling for $0.71 in earnings per share (EPS) and $2.19 billion in revenue. The fiscal first quarter of last year reportedly had $0.79 in EPS and $2.69 billion in revenue.
In its fiscal fourth quarter, revenues dropped about 9% year over year to $2.02 billion. In terms of its segments, Campbell Soup reported that Meals & Beverages organic net sales increased 1% year over year to $813 million, while Snacks organic net sales increased 4% to $967 million.
The strong fourth-quarter results culminated a year of steady, positive performance for Campbell. The firm delivered consistent results and met or exceeded expectations for four consecutive quarters.
According to management, the company made significant progress against its 2019 strategic initiatives, namely:
Excluding Thursday’s move, Campbell Soup shares had outperformed the broad markets, with its stock up about 43% year to date. In the past 52 weeks, the stock was only up about 19%.
A few analysts weighed in on Campbell Soup ahead of results:
Shares of Campbell Soup traded at $47.26 on Tuesda, in a 52-week range of $32.03 to $48.39. The consensus price target is $42.77.
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.