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published in Blogs
Sep 26, 2019

Conagra Brands (CAG, $31.30) beats earnings, misses revenue estimates

Shares of Conagra Brands climbed Thursday,  after reporting first quarter earnings that exceeded analysts’ expectations.

The owner of food brands including Birds Eye, Healthy Choice, Slim Jim and others reported adjusted earnings of 43 cents a share, compared to analysts' expectations of 39 cents.

Net income of $173.8 million, or 36 cents a share, came in lower compared to the year-ago quarter’s $178.2 million, or 45 cents a share.

Sales increased to $2.39 billion (from the prior year's $1.82 billion), but missed Wall Street's estimate of $2.48 billion.

Chief Executive Sean Connolly indicated that although Conagra’s Foodservice and International businesses experienced unexpected softness on sales for the quarter, they surpassed its operating profit and margin expectations.

For full year 2020, Conagra projects net sales growth of 13.5% to 14%, and adjusted earnings per range of $2.08 to $2.18, reiterating its guidance.

 

 

 

Related Ticker: CAG

CAG in upward trend: price may jump up because it broke its lower Bollinger Band on October 02, 2024

CAG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where CAG's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CAG's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Momentum Indicator moved above the 0 level on October 25, 2024. You may want to consider a long position or call options on CAG as a result. In of 89 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 CAG just turned positive on October 25, 2024. Looking at past instances where CAG's MACD turned positive, the stock continued to rise in of 53 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 CAG advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

CAG moved below its 50-day moving average on October 02, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CAG crossed bearishly below the 50-day moving average on October 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 CAG 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 CAG entered a downward trend on October 17, 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.

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 seriously 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 (1.576) is normal, around the industry mean (6.522). P/E Ratio (14.478) is within average values for comparable stocks, (26.887). CAG's Projected Growth (PEG Ratio) (0.733) is slightly lower than the industry average of (2.471). Dividend Yield (0.047) settles around the average of (0.043) among similar stocks. P/S Ratio (1.170) is also within normal values, averaging (66.610).

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 fairly steady price growth. CAG’s price grows at a lower 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.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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.

Notable companies

The most notable companies in this group are Mondelez International (null:MDLZ), Kraft Heinz Company (The) (null:KHC), General Mills (null:GIS), Campbell Soup Company (null:CPB), Beyond Meat (null:BYND).

Industry description

A specialty/candy manufacturer specializes in one or more of the following: chocolate, candies, pasta, condiments, seasonings, among other items. Hershey Company, McCormick & Company and J.M. Smucker Company are some of the major firms in this segment. Demand for this industry’s products comes from both institutions/restaurants as well as households.

Market Cap

The average market capitalization across the Food: Specialty/Candy Industry is 9.04B. The market cap for tickers in the group ranges from 6.25K to 327.81B. NSRGY holds the highest valuation in this group at 327.81B. The lowest valued company is OGGFF at 6.25K.

High and low price notable news

The average weekly price growth across all stocks in the Food: Specialty/Candy Industry was 0%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 13%. RKDA experienced the highest price growth at 44%, while NUZE experienced the biggest fall at -45%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was -20%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -28%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 69
Price Growth Rating: 56
SMR Rating: 74
Profit Risk Rating: 80
Seasonality Score: 20 (-100 ... +100)
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CAG
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published General Information

General Information

a maker of processed and packaged foods

Industry FoodSpecialtyCandy

Profile
Fundamentals
Details
Industry
Food Major Diversified
Address
222 W. Merchandise Mart Plaza
Phone
+1 312 549-5000
Employees
18600
Web
https://www.conagrabrands.com
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