Will Conagra Brands (CAG) Beat Estimates Again in Its Next Earnings Report?

Group 1 - Conagra Brands has a strong history of beating earnings estimates, with an average surprise of 6.89% over the last two quarters [1] - In the last reported quarter, Conagra Brands achieved earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.64 per share by 7.81% [1] - The previous quarter also saw Conagra Brands outperform expectations, reporting earnings of $0.71 per share against an estimate of $0.67 per share, resulting in a surprise of 5.97% [1] Group 2 - Earnings estimates for Conagra Brands have been trending higher, supported by its history of earnings surprises [2] - The stock has a positive Zacks Earnings ESP of +2.47%, indicating bullish sentiment among analysts regarding its near-term earnings potential [3] - The next earnings report for Conagra Brands is anticipated to be released on July 11, 2024 [3] Group 3 - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A negative Earnings ESP does not necessarily indicate an earnings miss, as many companies can still beat consensus estimates [4]