2023-03-07 10:14:25 ET
Campbell Soup ( NYSE: CPB ) is scheduled to announce Q2 earnings results on Wednesday, March 8th, before market open.
The consensus EPS Estimate is $0.74 (+7.2% Y/Y) and the consensus Revenue Estimate is $2.43B (+10.0% Y/Y).
Earnings History : The company reported upbeat Q1 results and raised the FY2023 outlook. For FY2023, the company guided net sales growth in the range of +7% to +9% vs. prior view of +4% to +6%; adjusted EPS of $2.90 to $3 vs. prior view of $2.85 to $2.95.
Over the last 2 years, CPB has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 6 upward revisions and 9 downward. Revenue estimates have seen 10 upward revisions and 0 downward.
Although shares have grown more than 15% over a period of 12 months outperforming the broader market index, it is down about 6% since the start of 2023.
Meanwhile, see why SA contributor The Value Investor says, " Campbell remains a stable, boring dividend yield play ."
For further details see:
Campbell Soup Q2 2023 Earnings Preview