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Market Impact: 0.35

Conagra Brands (CAG) Q3 Earnings Lag Estimates

CAG
Corporate EarningsCompany FundamentalsAnalyst EstimatesConsumer Demand & Retail

Conagra reported Q earnings of $0.39 per share, missing the Zacks consensus of $0.40 and down from $0.51 a year ago (a ~23.5% decline). The one-cent miss against consensus and sizeable year-over-year EPS drop signal near-term headwinds for the packaged foods company and could weigh on the stock in the short term.

Analysis

Conagra reported Q earnings of $0.39 per share, missing the Zacks consensus of $0.40 and down from $0.51 a year ago (a ~23.5% decline). The one-cent miss against consensus and sizeable year-over-year EPS drop signal near-term headwinds for the packaged foods company and could weigh on the stock in the short term.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30

Ticker Sentiment

CAG-0.30