Advertisement
New Zealand markets closed

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NZD/USD

    0.5941
    -0.0008 (-0.14%)
     

  • NZD/EUR

    0.5549
    +0.0009 (+0.16%)
     

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD

    2,349.60
    +7.10 (+0.30%)
     

  • NASDAQ

    17,718.30
    +287.79 (+1.65%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • Dow Jones

    38,239.66
    +153.86 (+0.40%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • NZD/JPY

    94.0360
    +1.5400 (+1.66%)
     

Campbell Soup (CPB) Beats on Q2 Earnings & Sales Estimates

Zacks Equity Research
Updated

Campbell Soup Company CPB, the manufacturer of branded convenience food products, reported second-quarter fiscal 2018 adjusted earnings of $1.00 per share that outpaced the Zacks Consensus Estimate of 81 cents and also grew 9.9% year over year.

Campbell Soup Company Price, Consensus and EPS Surprise

Campbell Soup Company Price, Consensus and EPS Surprise | Campbell Soup Company Quote

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable in the last 30 days. If we look at Campbell Soup’s performance in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 3.8%.

Revenues: Campbell Soup generated total sales of $2,180 million that inched up 0.4% year over year and also came ahead of the Zacks Consensus Estimate of $2,174 million. However, organic sales declined 2% due to soft volumes.

Guidance: Campbell Soup revised its fiscal 2018 guidance for adjusted EBIT and earnings per share growth percentages. It continues to expect sales change in the range of -2 to 0% for fiscal 2018. Adjusted EBIT is now expected to change in the range of -6 to -4%, compared with the previous guidance of -4 to -2%. Adjusted earnings per share are now anticipated to change in the range of -5 to -3% versus the prior forecast of -3 to -1% change.

Zacks Rank: Currently, Campbell Soup carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: Campbell Soup’s shares declined nearly 2% during pre-market trading hours.

Check back later for our full write up on Campbell Soup’s earnings report!

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Campbell Soup Company (CPB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research