Why Conagra’s Sales Is projected to Decline in Fiscal 4Q17
Analysts covering Conagra Brands (CAG) expect the company to post sales of $1.9 billion in fiscal 4Q17, which would be a fall of 34% YoY (year-over-year).
Conagra Brands (CAG) reported strong expansion in its margins in fiscal 3Q17. Its adjusted gross margin expanded 180 basis points that quarter.
Most analysts covering Conagra Brands (CAG) have maintained a positive outlook on the stock.
Analysts covering CAG stock expect the company to post adjusted EPS (earnings per share) of $0.37, which would be a ~29% YoY fall.
Conagra (CAG) has fallen about 5% YTD as of June 21, 2017. Much of this decline has stemmed from the company’s failed bid to acquire Pinnacle Foods.
About 14.0% of analysts rated MKC stock as a “buy,” and 79.0% recommended a “hold.” About 7.0% of the 14 analysts maintained a “sell” rating.
Analysts expect McCormick to post revenues of $4.6 billion in fiscal 2017, up about 3.5% on a year-over-year basis.
Analysts expect McCormick & Company (MKC) to post sales of $1.1 billion in fiscal 2Q17, up 3.5% year-over-year.
During fiscal 1Q17, McCormick’s gross margin expanded 30 basis points, driven by strategic acquisitions that lifted sales.
Analysts covering McCormick (MKC) stock expect the company to post adjusted earnings per share of $0.76, reflecting year-over-year growth of 1.3%.
Spice and flavoring giant McCormick (MKC) plans to announce its fiscal 2Q17 results on June 29, 2017. Year-to-date, McCormick stock has generated an 8.3% return, beating its peers.
The majority of analysts who cover General Mills (GIS) have maintained a “neutral” outlook on the stock.
As of June 19, 2017, General Mills (GIS) stock was trading at a 12-month forward PE ratio of 17.9x, which compares favorably to the broader index.
Analysts expect General Mills (GIS) to post revenue of $3.8 billion in fiscal 4Q17, which reflects a fall of 4.3% compared to the corresponding quarter last year.
General Mills (GIS), like most of its peers, is focusing on cost-cutting measures to drive margin growth amid soft sales.
General Mills (GIS) is scheduled to report its fiscal 4Q17 results on Wednesday, June 28, 2017. Analysts expect the company to post adjusted EPS of $0.71.
General Mills (GIS) stock has fallen 7.5% on a YTD (year-to-date) basis and has underperformed its peers in terms of price appreciation as of June 19, 2017.
Of the 20 analysts covering J.M. Smucker stock, 25.0% rated it as a “buy,” 60.0% rated it as a “hold,” and 15.0% rated it as a “sell” as of June 8, 2017.
Despite benefiting from the cost-cutting program, J.M. Smucker’s adjusted gross margin fell by 20 basis points to 37.5% during fiscal 4Q17.
J.M. Smucker’s (SJM) fiscal 4Q17 top line of $1.8 billion fell 1% YoY (year-over-year) but was marginally ahead of Wall Street’s consensus estimate.