Campbell Soup Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Campbell Soup Company (NYSE:CPB) will unveil its latest earnings on Monday, May 21, 2012. 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 net income of 52 cents per share, a decline of 8.8% 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 53 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 52 cents during the last month. Analysts are projecting profit to rise by 6.3% versus last year to $2.38.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 64 cents per share against a mean estimate of net income of 62 cents per share.

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Wall St. Revenue Expectations: Analysts predict no change in revenue from the year-earlier quarter to $1.81 billion.

Analyst Ratings: Analysts seem relatively indifferent about Campbell Soup Company with 11 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 14.2% to $205 million (64 cents a share) from $239 million (71 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.7% to $2.11 billion from $2.13 billion.

Key Stats:

The company has seen decreases in net income for the last three consecutive quarters. Net income fell 5% in the first quarter and 11.5% in the fourth quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 0.5%.

Stock Price Performance: Between February 17, 2012 and May 15, 2012, the stock price rose $1.64 (5%), from $32.62 to $34.26. The stock price saw one of its best stretches over the last year between February 13, 2012 and February 24, 2012, when shares rose for nine straight days, increasing 6.6% (+$2.06) over that span. It saw one of its worst periods between December 29, 2011 and January 6, 2012 when shares fell for six straight days, dropping 6.1% (-$2.02) over that span.

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

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