Campbell Soup Company (NYSE:CPB) is reporting first quarter earnings results on Wednesday 9th December 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.91 per share.
For the full year, analysts predict revenues of $ 8386.86 million, while looking forward to income of $ 2.94 per share.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.88 ~ $ 0.92 per share, while revenues are expected in a range of $ 2,292.00 million ~ $ 2,336.00 million
Click Here For More Historical Outlooks Of Campbell Soup Company
Previous Quarter Performance
Campbell Soup Company disclosed income for the fourth quarter of $ 0.63 per share, from the revenue of $ 2,108.00 million. The quarterly earnings developed 26.00 percent while revenues expanded 4.15 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.60 per share from $ 2077.61 million in revenue. The bottom line results beat street analysts by $ 0.03 or 5.00 percent, at the same time, top line results outshined analysts by $ 30.39 million or 1.46 percent.
Stock Performance
Shares of Campbell Soup Company traded low $ -0.05 or -0.10 percent on Tuesday, reaching $ 48.26 with volume of 2.88 million shares. Campbell Soup Company has traded high as $ 48.54 and has cracked $ 47.59 on the downward trend
According to the previous trading day, closing price of $ 48.26, representing a 18.70 % increase from the 52 week low of $ 40.70 and a 16.04 % decrease over the 52 week high of $ 57.54.
The company has a market capital of $ 14.59 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
- On 19th October 2020, initiated by Citigroup at Neutral rating, with $ 52.00 target price.
Conference Call
Campbell Soup Company will be hosting a conference call at 8:30 AM eastern time on 9th December 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.campbellsoupcompany.com
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbells condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbells gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbells tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
