Alert: New Earnings Report (4/4/24)-Conagra Brands Inc (NYSE: CAG).


Conagra Brands Inc (NYSE: CAG) has reported earnings for its third fiscal quarter (ending February 28) of $0.64 versus $0.72 for the same period a year ago — a decline of -11%. Relative to the consensus estimate of $0.65, this was a shortfall of $-0.01. E.P.S. were $1.99 for the latest four quarters through February 28 versus $1.68 for the same period a year ago — an increase of 18%.

Recent Price Action

Conagra Brands Inc (NYSE: CAG) stock closed at $30.64 on 4/4/24 after a very large increase of 5.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 269% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.0% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CAG is expected to continue to be an important Value Builder.

Conagra Brands has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Conagra Brands has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 38, with the Negative Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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