Campbell Soup Company (NYSE:CPB) will unveil its latest earnings on Tuesday, November 22, 2011. The average estimate of analysts is for profit of 80 cents per share, a decline of 2.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 81 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 80 cents during the last month. For the year, analysts are projecting net income of $2.37 per share, a decline of 6.7% from last year.
The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 43 cents per share against the mean estimate of 37 cents. In the prior quarter, the company reported net income of 57 cents. Analysts are projecting a rise of 1.8% in revenue from the year-earlier quarter to $2.21 billion.
Competitors to Watch: TreeHouse Foods Inc. (NYSE:THS), The Hain Celestial Group, Inc. (NASDAQ:HAIN), McCormick & Company, Inc. (NYSE:MKC), H.J. Heinz Company (NYSE:HNZ), Ralcorp Holdings, Inc. (NYSE:RAH), ConAgra (NYSE:CAG), SYSCO (NYSE:SYY), United Natural Foods (NASDAQ:UNFI), General Mills (NYSE:GIS), Kellogg (NYSE:K), Kraft Foods (NYSE:KFT), Sara Lee (NYSE:SLE) and Pepsico (NYSE:PEP).
Hormel Foods Corp (NYSE:HRL) will unveil its latest earnings on Tuesday, November 22, 2011. The average estimate of analysts is for net income of 42 cents per share, a decline of 6.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $1.73 per share, a rise of 14.6% from last year.
The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net income of 36 cents per share versus a mean estimate of 35 cents. Two quarters ago, it reported profit of 40 cents per share. On average, analysts predict $2.11 billion in revenue this quarter, a rise of 2.4% from the year ago quarter. Analysts are forecasting total revenue of $7.92 billion for the year, a rise of 9.7% from last year’s revenue of $7.22 billion.
Competitors to Watch: Smithfield Foods, Inc. (NYSE:SFD), Tyson Foods, Inc. (NYSE:TSN), ZHONGPIN INC. (NASDAQ:HOGS), General Mills, Inc. (NYSE:GIS), Pilgrim’s Pride Corp. (NYSE:PPC), Seaboard Corporation (AMEX:SEB), ConAgra Foods, Inc. (NYSE:CAG), Kellogg (NYSE:K) and Kraft (NYSE:KFT).