Advertisement
Canada markets close in 5 hours 41 minutes

  • S&P/TSX

    21,947.43
    +62.05 (+0.28%)
     

  • S&P 500

    5,102.40
    +53.98 (+1.07%)
     

  • DOW

    38,257.42
    +171.62 (+0.45%)
     

  • CAD/USD

    0.7320
    -0.0004 (-0.05%)
     

  • CRUDE OIL

    83.94
    +0.37 (+0.44%)
     

  • Bitcoin CAD

    88,349.45
    +1,360.80 (+1.56%)
     

  • CMC Crypto 200

    1,339.56
    -56.98 (-4.08%)
     

  • GOLD FUTURES

    2,353.40
    +10.90 (+0.47%)
     

  • RUSSELL 2000

    2,000.22
    +19.10 (+0.96%)
     

  • 10-Yr Bond

    4.6510
    -0.0550 (-1.17%)
     

  • NASDAQ

    15,912.50
    +300.74 (+1.93%)
     

  • VOLATILITY

    15.23
    -0.14 (-0.91%)
     

  • FTSE

    8,136.70
    +57.84 (+0.72%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Campbell (CPB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

Campbell Soup (CPB) reported $2.23 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 4.7%. EPS of $0.68 for the same period compares to $0.70 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.22 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.64.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Campbell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net sales- Meals and Beverages: $1.11 billion versus the four-analyst average estimate of $1.15 billion. The reported number represents a year-over-year change of -2%.

  • Net sales- Snacks: $1.12 billion versus $1.07 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.2% change.

  • Operating income- Meals and Beverages: $182 million compared to the $215.98 million average estimate based on four analysts.

  • Operating income- Corporate: -$101 million versus the four-analyst average estimate of -$51.47 million.

  • Operating income- Snacks: $179 million compared to the $144.24 million average estimate based on four analysts.

View all Key Company Metrics for Campbell here>>>

Shares of Campbell have returned -7.3% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Campbell Soup Company (CPB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research