Conagra Brands (CAG) Tops Q2 Earnings Estimates

Core Insights - Conagra Brands (CAG) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.44 per share, but down from $0.7 per share a year ago, indicating an earnings surprise of +2.27% [1] - The company posted revenues of $2.98 billion for the quarter ended November 2025, missing the Zacks Consensus Estimate by 0.35% and down from $3.2 billion year-over-year [2] - Conagra Brands shares have declined approximately 35.9% year-to-date, contrasting with the S&P 500's gain of 15.2% [3] Earnings Outlook - The future performance of Conagra Brands' stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $2.74 billion, and for the current fiscal year, it is $1.75 on revenues of $11.25 billion [7] Industry Context - The Food - Miscellaneous industry, to which Conagra Brands belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5][6]