Conagra Brands (CAG) Q3 Earnings and Revenues Lag Estimates

Financial Performance - Conagra Brands reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.52 per share, and down from $0.69 per share a year ago, representing an earnings surprise of -1.92% [1] - The company posted revenues of $2.84 billion for the quarter ended February 2025, missing the Zacks Consensus Estimate by 1.67%, and down from $3.03 billion year-over-year [2] - Over the last four quarters, Conagra Brands has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance and Outlook - Conagra Brands shares have declined approximately 4.9% since the beginning of the year, compared to a decline of -3.6% for the S&P 500 [3] - The current consensus EPS estimate for the coming quarter is $0.59 on revenues of $2.86 billion, and for the current fiscal year, it is $2.36 on revenues of $11.74 billion [7] Industry Context - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 21% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]