1. CPB earnings on Dec. 9 expected at 73 cents per share, down from 89 cents. 2. Revenue forecast is $2.66 billion, lower than last year's $2.77 billion. 3. VP of IT Martin Bally terminated amidst lawsuit over disparaging comments. 4. Campbell's shares rose 1.5% to $30.04 despite earnings concerns. 5. Analysts show mixed ratings; price targets mostly reduced recently.
FAQ
Why Bearish?
Lower earnings and revenue projections may negatively affect investor sentiment, echoing historical earnings drops.
How important is it?
Earnings projections and recent controversies can strongly influence CPB's stock price.
Why Short Term?
Immediate reaction expected around earnings report; longer-term effects depend on recovery strategies.