Conagra Brands (CAG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Insights - The market anticipates a year-over-year decline in Conagra Brands' earnings due to lower revenues, with a consensus EPS estimate of $0.44, reflecting a -37.1% change [1][3] - Revenues are projected to be $3 billion, down 6% from the previous year [3] - The upcoming earnings report is expected on December 19, and actual results will significantly influence stock price movements [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 0.84% lower in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Conagra Brands is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.11% [12] - The stock currently holds a Zacks Rank of 3, suggesting a moderate outlook [12] Earnings Surprise History - In the last reported quarter, Conagra Brands exceeded the expected EPS of $0.33 by delivering $0.39, resulting in a surprise of +18.18% [13] - Over the past four quarters, the company has beaten consensus EPS estimates twice [14] Industry Context - General Mills, a competitor in the Zacks Food - Miscellaneous industry, is expected to report earnings of $1.02 per share, reflecting a -27.1% year-over-year change, with revenues projected at $4.78 billion, down 8.8% [18] - General Mills' consensus EPS estimate has been revised 0.1% lower, leading to a negative Earnings ESP of -0.14% [19]