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Benzinga
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Top Wall Street Forecasters Revamp Campbell's Expectations Ahead Of Q3 Earnings

1. CPB expected to report Q3 earnings of 66 cents per share, down from 75 cents. 2. Projected quarterly revenue is $2.43 billion, up from $2.37 billion last year. 3. CPB's second-quarter sales growth missed analyst expectations, reporting 9% growth. 4. Analysts are mixed on CPB, with revised price targets generally lower. 5. Shares of CPB fell 0.4% to close at $34.04 prior to earnings announcement.

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FAQ

Why Bearish?

Analysts anticipate lower earnings and mixed reviews on price targets may induce bearish sentiment. Historical data shows similar downgrades lead to stock price declines.

How important is it?

Q3 earnings results and analyst projections are critical for CPB’s price direction, creating significant investor interest.

Why Short Term?

The market reacts swiftly to quarterly earnings results, likely impacting CPB in the days following the announcement. Past earnings fluctuations have shown immediate market reactions.

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