Campbell Soup Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Campbell Soup Company (NYSE:CPB) will unveil its latest earnings on Tuesday, November 22, 2011. Campbell Soup, with its consolidated subsidiaries, is a global manufacturer of convenience food products.

Campbell Soup Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: 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.

Past Earnings Performance: 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.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 1.8% in revenue from the year-earlier quarter to $2.21 billion.

Analyst Ratings: Analysts seem relatively indifferent about Campbell Soup Company with 14 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 11.5% to $100 million (31 cents a share) from $113 million (31 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 5.9% to $1.61 billion from $1.52 billion.

Key Stats:

The decrease in profit in the fourth quarter of the last fiscal year came after net income rose in the previous quarter. In the third quarter of the last fiscal year, net income rose 11.3%.

The company’s revenue has risen for two straight quarters. In the third quarter of the last fiscal year, the figure rose 0.6%.

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).

Stock Price Performance: During September 21, 2011 to November 16, 2011, the stock price had risen $2.96 (9.7%) from $30.40 to $33.36. The stock price saw one of its best stretches over the last year between April 25, 2011 and May 2, 2011 when shares rose for six-straight days, rising 3.1% (+$1.01) over that span. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six-straight days, falling 2.9% (-95 cents) over that span. Shares are down 50 cents (-1.5%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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