ConAgra Foods, Inc. (CAG) has carved a name for itself in the processed & packaged food industry with superior processed food items for household and commercial clients. The product portfolio of this Omaha, NE-headquartered firm includes leading consumer brands that are found in 99% of America’s households.
However, this largest packaged food business of North America faces price volatility for raw materials much like its industry peers. As the extent of industry competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, CAG has reported a positive average earnings surprise of 5.7%.
Currently, CAG has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ConAgra’s earnings from continuing operations, adjusted for items impacting comparability, in the fourth quarter of fiscal 2015, came in at 59 cents, in-line with the Zacks Consensus Estimate.
Revenue: ConAgra posted revenues of $4,104.7 million, below the Zacks Consensus Estimate of $4,140 million.
Key Stats to Note: ConAgra expects its earnings in first-quarter fiscal 2016 to be in-line with its year ago tally. However, believes that its revenues and margins would pick up from the second-quarter of fiscal 2015, on the back of its strategic cost saving programs and Private Brand segments’ improvement initiatives.
Stock Price: Shares prices of CAG did not change on a pre-market trading basis.
Check back our full write up on this CAG earnings report later!
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