On Thursday 29th August 2024, investors and market participants can expect the release of Campbell Soup (NYSE: CPB) fourth quarter financial results. This crucial announcement will be made before market open.
It is anticipated by financial experts on Wall Street that the firm is set to announce an estimated $0.62 profit per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $2.31 billion for this period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $9.66 billion. Additionally, they predict that the earnings per share for the company will hit profit of $3.08 by the end of the fiscal year.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $0.5. This was a direct result of the company's total revenue, which amounted to an impressive $2.07 billion during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $0.75 | +10.3% | 2.37 B | +6.3% |
| Q2 2024 | $0.80 | 0% | 2.46 B | -1.2% |
| Q1 2024 | $0.91 | -10.8% | 2.52 B | -2.2% |
| Q4 2023 | $0.50 | -10.7% | 2.07 B | +4.1% |
*Growth on year-over-year basis
The company will host a conference call with the investment community on 29th August 2024 at 8:00 AM Eastern Time. Tuesday's trading saw Campbell Soup (CPB) shares hit a low of $49.54 and a high of $50.76, with a day volume of 3.12 million shares. The stock closed the regular trading session at $49.84, indicating 1.19 percent decrease.
