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Benzinga
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Conagra Brands Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. CAG's Q3 earnings expected at 53 cents per share, down year-over-year. 2. Projected revenue of $2.9 billion, a decline from $3.03 billion last year. 3. CAG collaborates with Bloom Energy for advanced fuel cell integration. 4. Shares fell 0.8% to close at $26.38 on Wednesday. 5. Analysts show cautious sentiment with lower price targets across the board.

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FAQ

Why Bearish?

The projected decline in earnings and revenue signals potential future weakness. Historical delinquencies often lead to stock price drops when earnings fall short.

How important is it?

Lower earnings and revenues may shift investor sentiment negatively, impacting stock price. Price targets being cut highlights a cautious outlook.

Why Short Term?

Immediate market reactions typically occur post-earnings announcements. Negative earnings guidance can affect stock performance quickly.

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