Conagra Brands, Inc. reports results for the quarter ended August 31 - Earnings Summary

• Conagra Brands, Inc. CAG.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 25 cents to 32 cents per share.

• Revenue fell 1.4% to $2.60 billion from a year ago; analysts expected $2.59 billion.

• Conagra Brands, Inc.'s reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $174.3 million.

• Conagra Brands, Inc. shares had risen by 5.0% this quarter and lost 18.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 12 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "hold"

• Wall Street's median 12-month price target for Conagra Brands, Inc. is $14.00, about 0.9% below its last closing price of $14.13

This summary was machine generated from LSEG data September 30 at 01:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)