Campbell Soup (CPB) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Campbell Soup (CPB) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending October 2024, with the actual results being crucial for its near-term stock price [1][2]. Earnings Expectations - The consensus estimate for Campbell's quarterly earnings is $0.87 per share, reflecting a year-over-year decrease of 4.4% [3]. - Expected revenues are projected to be $2.79 billion, representing a 10.9% increase from the same quarter last year [4]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised 0.19% higher, indicating a collective reassessment by analysts [5]. - The Most Accurate Estimate for Campbell is higher than the Zacks Consensus Estimate, leading to a positive Earnings ESP of +0.05% [11][12]. Historical Performance - In the last reported quarter, Campbell was expected to post earnings of $0.62 per share but exceeded this with actual earnings of $0.63, resulting in a surprise of +1.61% [15]. - The company has beaten consensus EPS estimates in all of the last four quarters [16]. Investment Considerations - The combination of a positive Earnings ESP and a Zacks Rank of 3 suggests a likelihood of Campbell beating the consensus EPS estimate [13][14]. - While an earnings beat can influence stock movement, other factors may also play a significant role in determining stock performance [17].