Conagra Brands Inc reports results for the quarter ended February 28 - Earnings Summary

• Conagra Brands Inc CAG.N reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 47 cents to 59 cents per share.

• Revenue fell 6.3% to $2.84 billion from a year ago; analysts expected $2.90 billion.

• Conagra Brands Inc's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $242.1 million.

• Conagra Brands Inc shares had fallen by 1.1% this quarter and lost 4.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.3% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 17 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "hold"

• Wall Street's median 12-month price target for Conagra Brands Inc is $27.00

This summary was machine generated from LSEG data April 3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)