What Analysts Recommend for Conagra Stock
The majority of analysts providing ratings on Conagra Brands’ (CAG) stock maintain a positive outlook.
Profit margins for packaged food manufacturers in the US (SPY) are affected by lower volumes.
Analysts expect Conagra Brands’ (CAG) sales to remain muted in fiscal 2Q18.
Conagra Brands (CAG) is expected to announce its fiscal 2Q18 earnings on Thursday, December 21, 2017. Analysts expect the company to continue to report higher EPS (earnings per share) despite the headwinds to its margins.
Conagra Brands (CAG) is set to announce its fiscal 2Q18 results on December 21, 2017. Analysts expect Conagra’s sales to show sequential improvement driven by higher pricing and new products.
On December 12, 2017, Kraft Heinz (KHC) stock was trading at a forward PE multiple of 20.8x, which is above the peer group average of 17.2x.
Of the 22 analysts covering Mondelēz stock, about 82.0% recommended a “buy” and 18.0% provided “hold” ratings.
Conagra’s (CAG) adjusted EPS from continuing operations jumped 33.8%, driven by higher cost savings and productivity savings.
Analysts project Kraft Heinz’s (KHC) top line to remain muted in 2017 as industry-wide challenges persist.
Analysts covering Mondelēz (MDLZ) expect the company to post double-digit earnings per share growth in 2017 and 2018.
Analysts remain optimistic for 2018 and project 2.7% growth in Mondelēz’s top line.
General Mills (GIS) expects its adjusted EPS to increase 1.0%–2.0% on a constant currency basis in fiscal 2018.
General Mills’ (GIS) organic sales are estimated to fall 1%–2% in fiscal 2018, reflecting lower volumes and net price realization in its North American business.
J.M. Smucker’s (SJM) earnings per share marked a year-over-year decline in the last four quarters. However, analysts expect the company’s bottom line to improve in fiscal 2018.
Volume gains in J.M. Smucker’s Dunkin’ Donuts and Café Bustelo brands were offset by lower volumes in its Folgers brands.
Kellogg has exceeded analysts’ EPS (earnings per share) expectations in the past five quarters.
Kellogg (K) estimates a 3% decline in its top line for fiscal 2017, reflecting weakness in the cereal category and challenges in several markets.
Campbell Soup (CPB) has missed analysts’ EPS (earnings per share) expectations in the past three quarters.
Campbell Soup’s (CPB) Americas Simple Meals and Beverages segment is witnessing lower volumes, reflecting sluggishness in its US (SPY) sales of soup and V8 beverages.
After a challenging 2017, the stock prices of food manufacturers have recovered in the past month. However, most of these stocks are trading in the red year-to-date and have lagged the S&P 500 Index.