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published in Blogs
Mar 21, 2019

Conagra (CAG, $22.90) climbs +11% on earnings beat

Conagra Brands Inc. shares jumped more than +11% Thursday, as the packaged food company reported better-than-expected earnings for its fiscal third quarter.

For the three months ended February 24, Conagra generated earnings of 51 cents per share, beating analysts’ estimates of 49 cents per share. What helped boost earnings was an increase in Conagra's product prices as the company sought to offset higher transportation and commodity costs.

The company's revenue surged +35.7% year-over-year to $2.71 billion in the quarter. However, it fell short of  analysts’ estimates of $2.75 billion. There was a +2.9% increase in net sales to $863 million for Conagra’s grocery and snacks segment. Net sales from its refrigerated and frozen segment rose +3.3% to $711 million.  Conagra’s international net sales declined -11.4% year-over-year to $198 million. 

Conagra acquired Pinnacle Foods in 2018. CEO Sean Connolly indicated recently that while it might take a while to see a complete turnaround against the executional challenges in certain Pinnacle brands such as the Birds Eye, Duncan Hines and Wish-Bone, Conagra has a plan in place for improving these products' performances and therefore making a successful integration of Pinnacle into the company .

 

 

Related Ticker: CAG

CAG's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Oscillator for CAG moved out of overbought territory on April 25, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CAG as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CAG turned negative on May 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The 50-day moving average for CAG moved above the 200-day moving average on April 23, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CAG advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

CAG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 240 cases where CAG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 (7.424). P/E Ratio (14.478) is within average values for comparable stocks, (26.814). 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 (63.014).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CAG’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 79, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are Mondelez International (NASDAQ:MDLZ), Kraft Heinz Company (The) (NASDAQ:KHC), General Mills (NYSE:GIS), Campbell Soup Company (NYSE:CPB), Beyond Meat (NASDAQ: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 8.51B. 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 3%. For the same Industry, the average monthly price growth was 12%, and the average quarterly price growth was 29%. SRKE experienced the highest price growth at 632%, while YUMFF experienced the biggest fall at -77%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was -5%. For the same stocks of the Industry, the average monthly volume growth was -35% and the average quarterly volume growth was 98%

Fundamental Analysis Ratings

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

Valuation Rating: 51
P/E Growth Rating: 66
Price Growth Rating: 55
SMR Rating: 76
Profit Risk Rating: 79
Seasonality Score: 7 (-100 ... +100)
Related Portfolios: CONSUMER STAPLES ETFs
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A.I.Advisor
published price charts
A.I. Advisor
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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