Conagra Brands Earnings Estimate

CAG
 Stock
  

USD 34.41  0.10  0.29%   

Many public companies, such as Conagra Brands, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Conagra Brands' earnings estimates, investors can diagnose different trends across Conagra Brands' analyst sentiment over time as well as compare current estimates against different timeframes.
Conagra Brands is projected to generate 2.44 in earnings per share on the 31st of December 2022. Conagra Brands earnings estimates module stress-tests analyst consensus about projected Conagra Brands EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Continue to Trending Equities.
  
The current year Gross Profit is expected to grow to about 3.1 B. The current year Profit Margin is expected to grow to 0.08

Conagra Brands Earnings Estimation Breakdown

Calculation of earning per share of Conagra Brands is based on official Zacks consensus of 5 analysts regarding Conagra Brands future annual earnings. Given the historical accuracy of 89.3%, the future earnings per share of Conagra Brands is estimated to be 2.44 with the lowest and highest values of 2.35 and 2.5, respectively. Please note that this consensus of annual earnings estimates for Conagra Brands is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 2.48
2.35
Lowest
Expected EPS 2.44
2.50
Highest

Conagra Brands Earnings Projection Consensus

Suppose the current estimates of Conagra Brands' value are higher than the current market price of the Conagra Brands stock. In this case, investors may conclude that Conagra Brands is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Conagra Brands' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2022

5

89.3%

2.48

2.44

Conagra Brands Earnings History

Earnings estimate consensus by Conagra Brands analysts from Wall Street is used by the market to judge Conagra Brands' stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Conagra Brands' upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Conagra Brands Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

371.6 Million

Conagra Brands Earnings per Basic Share are projected to increase slightly based on the last few years of reporting. The past year's Earnings per Basic Share were at 1.85. The current year Earnings per Diluted Share is expected to grow to 1.87, whereas Accumulated Retained Earnings Deficit are forecasted to decline to about 6.3 B. The current year Weighted Average Shares is expected to grow to about 508.9 M. The current year Weighted Average Shares Diluted is expected to grow to about 510.9 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Conagra Brands' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Conagra Brands in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
32.6434.4536.26
Details
Intrinsic
Valuation
LowReal ValueHigh
33.8535.6637.47
Details
Naive
Forecast
LowNext ValueHigh
33.6635.4737.27
Details
8 Analysts
Consensus
LowTarget PriceHigh
35.0037.4342.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Conagra Brands. Your research has to be compared to or analyzed against Conagra Brands' peers to derive any actionable benefits. When done correctly, Conagra Brands' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Conagra Brands.
Note that many institutional investors and large investment bankers can move markets due to the volume of Conagra assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Conagra Brands. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Conagra stock price in the short term.

Conagra Brands Earnings per Share Projection vs Actual

Actual Earning per Share of Conagra Brands refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Conagra Brands predict the company's earnings will be in the future. The higher the earnings per share of Conagra Brands, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Conagra Brands Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Conagra Brands, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Conagra Brands should always be considered in relation to other companies to make a more educated investment decision.

About Conagra Brands Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Conagra Brands earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Conagra Brands estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Conagra Brands fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit6.6 B6.3 B
Earning Before Interest and Taxes EBIT1.6 B1.6 B
Earnings per Basic Share 1.85  1.88 
Earnings per Diluted Share 1.84  1.87 
Price to Earnings Ratio 17.92  20.08 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.9 BB
Earnings before Tax1.2 B1.2 B
Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. Conagra Brands, Inc. was founded in 1861 and is headquartered in Chicago, Illinois. Conagra Brands operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 18000 people.

Conagra Brands Investors Sentiment

The influence of Conagra Brands' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Conagra. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Conagra Brands' public news can be used to forecast risks associated with investment in Conagra. The trend in average sentiment can be used to explain how an investor holding Conagra can time the market purely based on public headlines and social activities around Conagra Brands. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Conagra Brands' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Conagra Brands' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Conagra Brands' news discussions. The higher the estimate score, the more favorable is the investor's outlook on Conagra Brands.

Conagra Brands Implied Volatility

    
  38.49  
Conagra Brands' implied volatility exposes the market's sentiment of Conagra Brands stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Conagra Brands' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Conagra Brands stock will not fluctuate a lot when Conagra Brands' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Conagra Brands in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Conagra Brands' short interest history, or implied volatility extrapolated from Conagra Brands options trading.

Pair Trading with Conagra Brands

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Conagra Brands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Conagra Brands will appreciate offsetting losses from the drop in the long position's value.

Moving against Conagra Brands

0.54BTTRBetter Choice Earnings Call  TomorrowPairCorr
The ability to find closely correlated positions to Conagra Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conagra Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Conagra Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Conagra Brands to buy it.
The correlation of Conagra Brands is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Conagra Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conagra Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Conagra Brands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Conagra Brands information on this page should be used as a complementary analysis to other Conagra Brands' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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Is Conagra Brands' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Conagra Brands. If investors know Conagra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Conagra Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.48
Market Capitalization
16.5 B
Quarterly Revenue Growth YOY
0.062
Return On Assets
0.0484
Return On Equity
0.1
The market value of Conagra Brands is measured differently than its book value, which is the value of Conagra that is recorded on the company's balance sheet. Investors also form their own opinion of Conagra Brands' value that differs from its market value or its book value, called intrinsic value, which is Conagra Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Conagra Brands' market value can be influenced by many factors that don't directly affect Conagra Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Conagra Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine Conagra Brands value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conagra Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.