Campbell Soup Beats Q4 Earnings Estimates
Campbell Soup (NASDAQ: CPB) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.61%. A quarter ago, it was expected that this maker of canned soup, Pepperidge Farm cookies and V8 juice would post earnings of $0.70 per share when it actually produced earnings of $0.75, delivering a surprise of 7.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Campbell, which belongs to the Zacks Food – Miscellaneous industry, posted revenues of $2.29 billion for the quarter ended July 2024, missing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $2.07 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary …
Full story available on Benzinga.com