Campbell Soup (CPB, $32.91) beats fiscal Q2 earnings & revenue estimates, stock jumps +5%
Campbell Soup's stock price climbed more than +5% Wednesday morning, on the back of better-than-expected earnings for the fiscal second quarter.
The producer of canned soup reported adjusted earnings of 77 cents a share for the quarter, beating analysts’ estimates of 70 cents a share. Revenue came in at $2.71 billion - which is higher than analysts' expectations of $2.66 billion.
Campbell is currently in the middle of a restructuring, as it seeks to divest some of its international businesses and Campbell Fresh. It wants to focus on its packaged food offerings in North America.
For the full-fiscal year 2019, the company forecasts that its adjusted earnings per share would be in the range of $2.45 and $2.53 before the divestitures. It expects its pre-divestiture net sales to range between $9.975 billion and $10.1 billion.
CPB's Stochastic Oscillator soars into overbought zone
The Stochastic Oscillator for CPB moved into overbought territory on October 16, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bearish Trend Analysis
CPB moved below its 50-day moving average on September 27, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CPB crossed bearishly below the 50-day moving average on October 03, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CPB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CPB entered a downward trend on October 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CPB's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on CPB as a result. In of 102 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CPB just turned positive on October 16, 2024. Looking at past instances where CPB's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CPB advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.459) is normal, around the industry mean (6.502). P/E Ratio (17.514) is within average values for comparable stocks, (26.887). Projected Growth (PEG Ratio) (1.404) is also within normal values, averaging (2.471). Dividend Yield (0.033) settles around the average of (0.043) among similar stocks. P/S Ratio (1.445) is also within normal values, averaging (66.254).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CPB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
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General Information
a manufacturer of convenience food products, such as soups and sauces, pasta, broths, vegetable-beverages, cookies and biscuits
Industry FoodSpecialtyCandy