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.
Of the 18 analysts surveyed by Reuters, three have given Monsanto (MON) a “strong buy,” and seven have given it a “buy” for the next 12 months.
For the upcoming 3Q17, Wall Street analysts are estimating that Monsanto will report EPS of $1.77, which would be an 18.0% fall year-over-year from $2.17.
As of June 22, 2017, Monsanto was trading at a forward PE multiple of 24.0x, which is significantly higher than its recent low of 20.8x in December 2016.
For the upcoming 3Q17, Wall Street analysts are estimating that Monsanto’s EBITDA will be $1.3 billion compared to $1.5 billion in 3Q16.
Monsanto’s (MON) gross margins over the past four fiscal years have averaged around 53.0% as a percentage of sales annually.
For the upcoming 3Q17, analysts’ consensus sales estimate for Monsanto (MON) is $4.17 billion, which will be a slight fall from $4.2 billion in 3Q16.
Monsanto (MON) is set to announce its 3Q17 earnings on June 28, 2017, before the market opens. The consensus estimate for Monsanto’s EPS is $1.77.
Assuming that Micron’s operating cash flow margin improves to 32.0% in fiscal 3Q17, the company would report an operating cash flow of $1.7 billion.
The use of low power DRAM is increasing in automotive. That’s been driving the earnings for Micron’s Embedded Business Unit, even during the downturn.
Micron Technology (MU) is seeing an increasing demand from cloud customers, which is driving its computing revenue as well as its storage revenue.
Micron’s (MU) MBU revenue rose 114.0% YoY in fiscal 2Q17 as it secured design wins for its 14 nm LPDDR in fiscal 3Q16.
In fiscal 2Q17, Micron’s NAND unit sales rose 18.0%, but its NAND revenue rose 9.8% on a sequential basis.
Micron Technology’s (MU) biggest end market is CNBU (Compute and Networking Business Unit), which accounted for 41.0% of its fiscal 2Q17 revenue.
Micron Technology (MU) has been witnessing strong earnings over the past two quarters as DRAM (dynamic random access memory) prices increase.
Micron’s gross margin could be driven by increasing DRAM prices and falling cost per bit.
Micron expects to improve its non-GAAP operating margin from 25.0% in fiscal 2Q17 to 35.2% in fiscal 3Q17.
For fiscal 3Q17, Micron expects its revenue to rise 16.0% sequentially to $5.4 billion at the midpoint, which is in line with the consensus estimate.
Analysts expect McCormick to post revenues of $4.6 billion in fiscal 2017, up about 3.5% on a year-over-year basis.