Conagra Brands (CAG) Q1 Earnings and Revenues Top Estimates

Core Insights - Conagra Brands (CAG) reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, but down from $0.53 per share a year ago, indicating an earnings surprise of +18.18% [1] - The company generated revenues of $2.63 billion for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 0.89%, but down from $2.79 billion year-over-year [2] - Conagra Brands has underperformed the market, with shares down approximately 34% year-to-date compared to the S&P 500's gain of 13.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.46 on revenues of $3.01 billion, and for the current fiscal year, it is $1.73 on revenues of $11.25 billion [7] - The estimate revisions trend for Conagra Brands was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Food - Miscellaneous industry, to which Conagra Brands belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Conagra's stock performance [5]