Campbell's Co reports results for the quarter ended April 30 - Earnings Summary

• Campbell's Co CPB.OQ reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of twenty analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 63 cents to 70 cents per share.

• Revenue rose 4.5% to $2.48 billion from a year ago; analysts expected $2.43 billion.

• Campbell's Co's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $66 million.

• Campbell's Co shares had fallen by 14.2% this quarter and lost 18.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 13 "hold" and 5 "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 Campbell's Co is $38.50

This summary was machine generated from LSEG data June 3 at 08:03 a.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)