ConAgra Foods Earnings Preview: Can This Streak Continue?

ConAgra Foods (NYSE:CAG) will report earnings before markets open on Wednesday, April 3rd. ConAgra Foods, Inc. manufactures and markets packaged foods for retail consumers, restaurants and institutions. The Company offers a wide range of food products, including meals, entrees, condiments, sides, snacks, specialty potato products, milled grain ingredients, dehydrated vegetables and seasonings, and blends and flavors.

Here is your Cheat Sheet to ConAgra Foods Earnings:

Earnings Expectations: Analysts expect earnings of $0.57 per share on revenues of $3.88 billion. Currently, the company’s P/E ratio stands at 22.45.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.53 to a profit $0.58. For the current year, the average estimate is a profit of $2.15, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how ConAgra Foods has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 11,250 12,350 12,010 12,300 13,260
Diluted EPS ($) 1.90 2.15 1.37 1.88 1.12

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Nov. 30, 2011 Feb. 29, 2012 May. 31, 2012 Aug. 31, 2012 Nov. 30, 2012
Revenue ($) in millions 3,432 3,373 3,352 3,312 3,736
Diluted EPS ($) 0.43 0.65 -0.18 0.61 0.51

Past Performance:
ConAgra Foods has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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