Conagra Brands, Inc. (CAG) Quarterly Earnings Overview
- Expected EPS of $0.68 and projected revenue of $3.15 billion.
- The price-to-earnings (P/E) ratio stands at 27.03, indicating investor valuation of the company's earnings.
- Conagra's debt-to-equity ratio is 1.01, showing a balanced financing structure.
Conagra Brands, Inc. (NYSE:CAG) is a major player in the packaged foods industry, known for its wide range of products including frozen, refrigerated, and shelf-stable foods. As the company prepares to release its quarterly earnings on December 19, 2024, analysts are keenly observing its financial metrics. The expected earnings per share (EPS) is $0.68, with projected revenue of $3.15 billion.
Beyond these headline figures, Conagra's financial ratios provide a deeper insight into its performance. The company's price-to-earnings (P/E) ratio is 27.03, which shows the price investors are willing to pay for each dollar of earnings. This is a crucial metric for investors assessing the company's valuation relative to its earnings.
Conagra's price-to-sales ratio is 1.12, indicating that investors are paying $1.12 for every dollar of sales. This ratio helps investors understand how much they are paying for the company's sales, which is important for evaluating its revenue-generating efficiency. Additionally, the enterprise value to sales ratio of 1.84 reflects the company's total valuation compared to its sales.
The enterprise value to operating cash flow ratio stands at 11.93, highlighting how the company's valuation compares to its cash flow from operations. This ratio is important for assessing the company's ability to generate cash from its operations. The earnings yield of 3.70% further provides insight into the percentage of each dollar invested that was earned by the company.
Conagra's debt-to-equity ratio is 1.01, suggesting a balanced mix of debt and equity in financing its operations. This ratio is crucial for understanding the company's financial leverage. Lastly, the current ratio of 0.94 indicates the company's ability to cover its short-term liabilities with its short-term assets, which is essential for assessing its liquidity position.
| Symbol | Price | %chg |
|---|---|---|
| PANI.JK | 11875 | 1.05 |
| ICBP.JK | 10900 | -0.92 |
| INDF.JK | 7525 | -0.33 |
| MYOR.JK | 2350 | -0.85 |
Conagra Brands, Inc. (NYSE:CAG) Surpasses Earnings Estimates
- Conagra Brands, Inc. (NYSE:CAG) reported an EPS of $0.70, beating the estimated $0.67 and the Zacks Consensus Estimate of $0.68.
- The company's revenue reached $3.19 billion, higher than the estimated $3.15 billion, showcasing strong market demand.
- Conagra adjusted its inflation outlook to 4%, indicating expectations of continued price increases affecting its cost structure.
Conagra Brands, Inc. (NYSE:CAG) is a major player in the food industry, known for its popular supermarket brands like Birds Eye and Healthy Choice. The company operates in a competitive market, with rivals such as General Mills and Kraft Heinz. Conagra's focus on innovation and brand strength helps it maintain a significant market presence.
On December 19, 2024, Conagra reported earnings per share (EPS) of $0.70 (Non-GAAP EPS), surpassing the estimated $0.67. This performance also exceeded the Zacks Consensus Estimate of $0.68 per share, as highlighted by Zacks. However, it was slightly lower than the $0.71 per share reported in the same quarter last year, indicating a minor year-over-year decline.
Conagra's revenue for the quarter was $3.19 billion, exceeding the estimated $3.15 billion. This strong revenue performance reflects the company's ability to navigate market challenges and capitalize on consumer demand. The company's net income for the period was $284.5 million, showcasing its profitability.
Conagra has adjusted its inflation outlook, now anticipating inflation to be close to 4%. This adjustment suggests that the company expects higher prices to persist, impacting its cost structure and pricing strategies. Despite these challenges, Conagra's strong financial performance demonstrates its resilience in a dynamic market environment.
ConAgra Brands Misses Q1 Estimates, Shares Drop 8%
ConAgra Brands (NYSE:CAG) reported disappointing first-quarter fiscal 2025 results, falling short of Wall Street expectations as the company faced inflationary pressures and temporary manufacturing disruptions. The stock dropped 8% intra-day today following the earnings announcement.
The food company posted earnings per share of $0.53, missing the Street consensus of $0.59. Revenue came in at $2.79 billion, below expectations of $2.84 billion and representing a 3.8% year-over-year decline.
ConAgra pointed to manufacturing disruptions during the crucial grilling season, estimating that these issues negatively impacted results by about $27 million. Additionally, the company faced challenges from rising costs and unfavorable operating leverage.
The company reaffirmed its full-year fiscal 2025 guidance, projecting organic net sales to be between -1.5% and flat compared to fiscal 2024, with an adjusted operating margin of 15.6% to 15.8% and adjusted EPS between $2.60 and $2.65.
Gross margin for the quarter fell by 189 basis points to 26.5%, with the Refrigerated & Frozen segment seeing the steepest decline. The segment's operating profit dropped 11.6% to $176 million.
Conagra Gains 5% After Q3 Beat
Conagra Brands (NYSE:CAG) shares rose by 5% intra-day today, following the announcement of fiscal Q3/24 results that exceeded market expectations.
The company announced earnings per share of $0.69, surpassing the predicted $0.64. Its quarterly revenue reached $3.03 billion, exceeding the forecast of $3.01 billion. Although the adjusted operating margin dipped slightly to 16.4% from the previous year's 16.9%, it was still higher than the expected 15.7%.
Looking forward, Conagra adjusted its full-year 2024 earnings per share guidance to a range of $2.60 to $2.65, compared to the analysts' predictions of $2.60. Furthermore, the company anticipates a 1-2% drop in organic net sales.
ConAgra Foods Reports Mixed Q1 Results
ConAgra Foods (NYSE:CAG) released its first-quarter results, and the numbers were a mixed bag. While the earnings per share (EPS) stood at $0.66, surpassing the anticipated $0.60 according to analysts, the company's quarterly revenue was $2.9 billion, slightly below the expected $2.96 billion.
Grocery & Snacks net sales reached $1.20 billion, showing a modest 1.2% increase compared to the same period last year but falling just short of the estimated $1.21 billion. Meanwhile, Refrigerated & Frozen net sales came in at $1.15 billion, marking a 4.6% decline year-on-year and also missing the estimated $1.22 billion.
Regarding future prospects, ConAgra Foods projects that its full-year 2024 EPS will range from $2.70 to $2.75, which is slightly above the Street estimate of $2.71.
What to Expect From Conagra Brands’ Q3 Results on Wednesday?
RBC Capital analysts provided their perspective on Conagra Brands (NYSE:CAG) in anticipation of the Q3 earnings announcement on Wednesday. They mentioned that the company's demand patterns are stable but less dynamic, with reduced elasticities, which is comparable to other packaged food companies.
The analysts expect Q3 organic sales growth of 5.8% (vs. Street estimate of 6.9%) and EPS of $0.63 (vs. Street’s $0.64).
As a reminder, the company confirmed fiscal 2023 guidance in late February. Overall, the analysts expect another pricing-driven quarter with volumes remaining in focus given the company’s more muted trends in tracked channels but acknowledge some noise in tracked channels (coming off allocation and supply chain disruptions a year ago).
What to Expect From Conagra Brands’ Q3 Results on Wednesday?
RBC Capital analysts provided their perspective on Conagra Brands (NYSE:CAG) in anticipation of the Q3 earnings announcement on Wednesday. They mentioned that the company's demand patterns are stable but less dynamic, with reduced elasticities, which is comparable to other packaged food companies.
The analysts expect Q3 organic sales growth of 5.8% (vs. Street estimate of 6.9%) and EPS of $0.63 (vs. Street’s $0.64).
As a reminder, the company confirmed fiscal 2023 guidance in late February. Overall, the analysts expect another pricing-driven quarter with volumes remaining in focus given the company’s more muted trends in tracked channels but acknowledge some noise in tracked channels (coming off allocation and supply chain disruptions a year ago).
