Campbell's (CPB) Q3 Earnings and Revenues Surpass Estimates

Company Performance - Campbell's reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, but down from $0.75 per share a year ago [1] - The earnings surprise for the quarter was 12.31%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter were $2.48 billion, surpassing the Zacks Consensus Estimate by 1.55%, compared to $2.37 billion in the same quarter last year [3] Market Outlook - Campbell shares have declined approximately 18.7% since the beginning of the year, while the S&P 500 has gained 0.5% [4] - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $2.4 billion, and for the current fiscal year, it is $2.98 on revenues of $10.29 billion [8] Industry Context - The Food - Miscellaneous industry, to which Campbell belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [9] - General Mills, another company in the same industry, is expected to report quarterly earnings of $0.71 per share, reflecting a year-over-year decline of 29.7% [10]