Campbell Soup Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Campbell Soup Company (NYSE:CPB) will unveil its latest earnings on Friday, September 2, 2011. Campbell Soup Company, together 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 37 cents per share, a rise of 12.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 33 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 37 cents during the last month. For the year, analysts are projecting net income of $2.49 per share, a rise of 2% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 57 cents per share versus a mean estimate of 52 cents. Two quarters ago, it reported net income of 71 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.57 billion in revenue this quarter, a rise of 3.3% from the year ago quarter. Analysts are forecasting total revenue of $7.69 billion for the year, a rise of 0.1% from last year’s revenue of $7.68 billion.

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

Key Stats:

A year-over-year revenue increase in the third quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 0.6% in the third quarter and fell 1.2% in the second quarter, 1.4% in the first quarter and 0.7% in the fourth quarter of the last fiscal year.

The increase in profit in the third quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the third quarter, net income rose 11.3%, while the figure dropped 7.7% in the second quarter and 8.2% in the first quarter.

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 July 1, 2011 to August 29, 2011, the stock price had fallen $2.65 (-7.7%) from $34.36 to $31.71. 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% (+$1.02) 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% (-96 cents) over that span. Shares are down $2.45 (-7.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.