Campbell Soup Co. Earnings: Here’s Why Shares are Up Now
Campbell Soup Co. (NYSE:CPB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.72%.
Campbell Soup Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9% to $0.70 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 10.46% to $2.33 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Campbell Soup Co. reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $2.32 billion.
Quoting Management: Denise Morrison, Campbell’s President and Chief Executive Officer, said, “We are delighted to be working with Grupo Jumex and Conservas La Costeña – outstanding companies with long and distinguished histories – in a market that offers Campbell exciting avenues for growth. Our arrangements with these new partners will increase our access to customers and enable us to reach new consumers for our products. We believe that they will redefine the scope of our business opportunities in Mexico.”
Key Stats (on next page)…
Revenue decreased 0.13% from $2.34 billion in the previous quarter. EPS decreased 20.45% from $0.88 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a loss $0. For the current year, the average estimate has moved down from a profit of $2.54 to a loss of $0 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)