ConAgra Foods Earnings Estimate
| CAG Stock | USD 28.92 0.23 0.80% |
ConAgra |
ConAgra Foods Earnings Estimation Breakdown
The calculation of earning per share of ConAgra Foods is based on the official Zacks consensus of 6 analysts regarding ConAgra Foods' future annual earnings. Given the historical accuracy of 93.34%, ConAgra Foods' future earnings per share of ConAgra Foods is estimated to be 0.6 with the lowest and highest values of 0.56 and 0.63, respectively. Please note that this consensus of annual earnings estimates for ConAgra Foods is an estimate of EPS before non-recurring items and includes employee stock options expenses Current EPS
0.56 Lowest | Expected EPS | 0.63 Highest |
ConAgra Foods Earnings Projection Consensus
Suppose the current estimates of ConAgra Foods' value are higher than the current market price of the ConAgra Foods stock. In this case, investors may conclude that ConAgra Foods is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and ConAgra Foods' stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Current EPS | EPS Estimate for 31st of August 2023 |
| 6 | 93.34% | 1.42 | 0.6 |
ConAgra Foods Earnings History
Earnings estimate consensus by ConAgra Foods analysts from Wall Street is used by the market to judge ConAgra Foods' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only ConAgra Foods' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.ConAgra Foods Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA |
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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ConAgra Foods' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of ConAgra Foods in the context of predictive analytics.
ConAgra Foods Earnings per Share Projection vs Actual
Actual Earning per Share of ConAgra Foods refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering ConAgra Foods predict the company's earnings will be in the future. The higher the earnings per share of ConAgra Foods, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.ConAgra Foods Estimated Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as ConAgra Foods, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of ConAgra Foods should always be considered in relation to other companies to make a more educated investment decision.ConAgra Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact ConAgra Foods' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-07-13 | 2023-05-31 | 0.59 | 0.62 | 0.03 | 5 | ||
2023-04-05 | 2023-02-28 | 0.64 | 0.76 | 0.12 | 18 | ||
2023-01-05 | 2022-11-30 | 0.66 | 0.81 | 0.15 | 22 | ||
2022-10-06 | 2022-08-31 | 0.52 | 0.57 | 0.05 | 9 | ||
2022-07-14 | 2022-05-31 | 0.63 | 0.65 | 0.02 | 3 | ||
2022-04-07 | 2022-02-28 | 0.58 | 0.58 | 0 | 0 | ||
2022-01-06 | 2021-11-30 | 0.68 | 0.64 | -0.04 | 5 | ||
2021-10-07 | 2021-08-31 | 0.49 | 0.5 | 0.01 | 2 | ||
2021-07-13 | 2021-05-31 | 0.52 | 0.54 | 0.02 | 3 | ||
2021-04-08 | 2021-02-28 | 0.58 | 0.59 | 0.01 | 1 | ||
2021-01-07 | 2020-11-30 | 0.73 | 0.81 | 0.08 | 10 | ||
2020-10-01 | 2020-08-31 | 0.57 | 0.7 | 0.13 | 22 | ||
2020-06-30 | 2020-05-31 | 0.66 | 0.75 | 0.09 | 13 | ||
2020-03-31 | 2020-02-29 | 0.49 | 0.47 | -0.02 | 4 | ||
2019-12-19 | 2019-11-30 | 0.57 | 0.63 | 0.06 | 10 | ||
2019-09-26 | 2019-08-31 | 0.39 | 0.43 | 0.04 | 10 | ||
2019-06-27 | 2019-05-31 | 0.41 | 0.36 | -0.05 | 12 | ||
2019-03-21 | 2019-02-28 | 0.49 | 0.51 | 0.02 | 4 | ||
2018-12-20 | 2018-11-30 | 0.55 | 0.67 | 0.12 | 21 | ||
2018-09-27 | 2018-08-31 | 0.49 | 0.47 | -0.02 | 4 | ||
2018-06-26 | 2018-05-31 | 0.44 | 0.5 | 0.06 | 13 | ||
2018-03-22 | 2018-02-28 | 0.56 | 0.61 | 0.05 | 8 | ||
2017-12-21 | 2017-11-30 | 0.52 | 0.55 | 0.03 | 5 | ||
2017-09-28 | 2017-08-31 | 0.4 | 0.46 | 0.06 | 15 | ||
2017-06-29 | 2017-05-31 | 0.37 | 0.37 | 0 | 0 | ||
2017-03-23 | 2017-02-28 | 0.44 | 0.48 | 0.04 | 9 | ||
2016-12-22 | 2016-11-30 | 0.45 | 0.49 | 0.04 | 8 | ||
2016-09-29 | 2016-08-31 | 0.48 | 0.61 | 0.13 | 27 | ||
2016-06-30 | 2016-05-31 | 0.52 | 0.52 | 0 | 0 | ||
2016-04-07 | 2016-02-29 | 0.58 | 0.68 | 0.1 | 17 | ||
2015-12-22 | 2015-11-30 | 0.6 | 0.71 | 0.11 | 18 | ||
2015-09-22 | 2015-08-31 | 0.4 | 0.45 | 0.05 | 12 | ||
2015-06-30 | 2015-05-31 | 0.59 | 0.59 | 0 | 0 | ||
2015-03-26 | 2015-02-28 | 0.52 | 0.59 | 0.07 | 13 | ||
2014-12-18 | 2014-11-30 | 0.61 | 0.61 | 0 | 0 | ||
2014-09-18 | 2014-08-31 | 0.35 | 0.39 | 0.04 | 11 | ||
2014-06-26 | 2014-05-31 | 0.55 | 0.55 | 0 | 0 | ||
2014-03-20 | 2014-02-28 | 0.6 | 0.62 | 0.02 | 3 | ||
2013-12-19 | 2013-11-30 | 0.55 | 0.62 | 0.07 | 12 | ||
2013-09-19 | 2013-08-31 | 0.39 | 0.37 | -0.02 | 5 | ||
2013-06-27 | 2013-05-31 | 0.59 | 0.6 | 0.01 | 1 | ||
2013-04-03 | 2013-02-28 | 0.56 | 0.55 | -0.01 | 1 | ||
2012-12-20 | 2012-11-30 | 0.55 | 0.57 | 0.02 | 3 | ||
2012-09-20 | 2012-08-31 | 0.36 | 0.44 | 0.08 | 22 | ||
2012-06-21 | 2012-05-31 | 0.5 | 0.51 | 0.01 | 2 | ||
2012-03-22 | 2012-02-29 | 0.49 | 0.51 | 0.02 | 4 | ||
2011-12-20 | 2011-11-30 | 0.43 | 0.47 | 0.04 | 9 | ||
2011-09-20 | 2011-08-31 | 0.31 | 0.29 | -0.02 | 6 | ||
2011-06-23 | 2011-05-31 | 0.48 | 0.47 | -0.01 | 2 | ||
2011-03-24 | 2011-02-28 | 0.46 | 0.5 | 0.04 | 8 | ||
2010-12-21 | 2010-11-30 | 0.45 | 0.45 | 0 | 0 | ||
2010-09-21 | 2010-08-31 | 0.39 | 0.34 | -0.05 | 12 | ||
2010-06-24 | 2010-05-31 | 0.4 | 0.39 | -0.01 | 2 | ||
2010-03-25 | 2010-02-28 | 0.44 | 0.44 | 0 | 0 | ||
2009-12-21 | 2009-11-30 | 0.47 | 0.52 | 0.05 | 10 | ||
2009-09-22 | 2009-08-31 | 0.34 | 0.38 | 0.04 | 11 | ||
2009-06-25 | 2009-05-31 | 0.41 | 0.41 | 0 | 0 | ||
2009-03-26 | 2009-02-28 | 0.36 | 0.41 | 0.05 | 13 | ||
2008-12-17 | 2008-11-30 | 0.37 | 0.43 | 0.06 | 16 | ||
2008-09-18 | 2008-08-31 | 0.24 | 0.27 | 0.03 | 12 | ||
2008-06-26 | 2008-05-31 | 0.34 | 0.44 | 0.1 | 29 | ||
2008-03-27 | 2008-02-29 | 0.41 | 0.63 | 0.22 | 53 | ||
2007-12-20 | 2007-11-30 | 0.42 | 0.5 | 0.08 | 19 | ||
2007-09-20 | 2007-08-31 | 0.29 | 0.34 | 0.05 | 17 | ||
2007-06-27 | 2007-05-31 | 0.31 | 0.38 | 0.07 | 22 | ||
2007-03-22 | 2007-02-28 | 0.35 | 0.39 | 0.04 | 11 | ||
2006-12-21 | 2006-11-30 | 0.33 | 0.4 | 0.07 | 21 | ||
2006-09-21 | 2006-08-31 | 0.23 | 0.26 | 0.03 | 13 | ||
2006-06-28 | 2006-05-31 | 0.29 | 0.32 | 0.03 | 10 | ||
2006-03-23 | 2006-02-28 | 0.34 | 0.37 | 0.03 | 8 | ||
2005-12-22 | 2005-11-30 | 0.38 | 0.38 | 0 | 0 | ||
2005-09-21 | 2005-08-31 | 0.23 | 0.31 | 0.08 | 34 | ||
2005-06-30 | 2005-05-31 | 0.26 | 0.26 | 0 | 0 | ||
2005-03-24 | 2005-02-28 | 0.32 | 0.34 | 0.02 | 6 | ||
2004-12-22 | 2004-11-30 | 0.46 | 0.47 | 0.01 | 2 | ||
2004-09-22 | 2004-08-31 | 0.26 | 0.28 | 0.02 | 7 | ||
2004-07-01 | 2004-05-31 | 0.42 | 0.41 | -0.01 | 2 | ||
2004-03-25 | 2004-02-29 | 0.38 | 0.39 | 0.01 | 2 | ||
2003-12-22 | 2003-11-30 | 0.49 | 0.46 | -0.03 | 6 | ||
2003-09-18 | 2003-08-31 | 0.38 | 0.23 | -0.15 | 39 | ||
2003-06-26 | 2003-05-31 | 0.41 | 0.42 | 0.01 | 2 | ||
2003-03-27 | 2003-02-28 | 0.3 | 0.3 | 0 | 0 | ||
2002-12-19 | 2002-11-30 | 0.52 | 0.47 | -0.05 | 9 | ||
2002-09-19 | 2002-08-31 | 0.4 | 0.42 | 0.02 | 5 | ||
2002-06-27 | 2002-05-31 | 0.33 | 0.36 | 0.03 | 9 | ||
2002-03-28 | 2002-02-28 | None | 0.3105 | None | 0 | ||
2001-12-20 | 2001-11-30 | 0.43 | 0.44 | 0.01 | 2 | ||
2001-09-20 | 2001-08-31 | 0.28 | 0.36 | 0.08 | 28 | ||
2001-06-28 | 2001-05-31 | 0.2 | 0.23 | 0.03 | 15 | ||
2001-03-22 | 2001-02-28 | 0.19 | 0.19 | 0 | 0 | ||
2000-12-21 | 2000-11-30 | 0.58 | 0.58 | 0 | 0 | ||
2000-09-21 | 2000-08-31 | 0.3 | 0.3 | 0 | 0 | ||
2000-06-29 | 2000-05-31 | 0.46 | 0.46 | 0 | 0 | ||
2000-03-23 | 2000-02-29 | 0.41 | 0.41 | 0 | 0 | ||
1999-12-21 | 1999-11-30 | 0.51 | 0.53 | 0.02 | 3 | ||
1999-09-21 | 1999-08-31 | 0.27 | 0.27 | 0 | 0 | ||
1999-07-01 | 1999-05-31 | 0.41 | 0.41 | 0 | 0 | ||
1999-03-25 | 1999-02-28 | 0.36 | 0.36 | 0 | 0 | ||
1998-12-23 | 1998-11-30 | 0.45 | 0.46 | 0.01 | 2 | ||
1998-09-23 | 1998-08-31 | 0.23 | 0.23 | 0 | 0 | ||
1998-07-01 | 1998-05-31 | 0.39 | 0.37 | -0.02 | 5 | ||
1998-03-19 | 1998-02-28 | 0.31 | 0.3 | -0.01 | 3 | ||
1997-12-19 | 1997-11-30 | 0.46 | 0.46 | 0 | 0 | ||
1997-09-19 | 1997-08-31 | 0.24 | 0.24 | 0 | 0 | ||
1997-07-01 | 1997-05-31 | 0.4 | 0.41 | 0.01 | 2 | ||
1997-03-20 | 1997-02-28 | 0.31 | 0.32 | 0.01 | 3 | ||
1996-12-19 | 1996-11-30 | 0.41 | 0.41 | 0 | 0 | ||
1996-09-19 | 1996-08-31 | 0.2 | 0.21 | 0.01 | 5 | ||
1996-07-02 | 1996-05-31 | 0.34 | 0.36 | 0.02 | 5 | ||
1996-03-20 | 1996-02-29 | 0.28 | 0.28 | 0 | 0 |
About ConAgra Foods Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of ConAgra Foods earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current ConAgra Foods estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as ConAgra Foods fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for 2023 | ||
| Accumulated Retained Earnings Deficit | 6.6 B | 6.4 B | |
| Earning Before Interest and Taxes EBIT | 1.3 B | 1.5 B | |
| Earnings per Basic Share | 1.43 | 1.66 | |
| Earnings per Diluted Share | 1.42 | 1.65 | |
| Price to Earnings Ratio | 24.36 | 23.47 | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 1.7 B | 1.9 B | |
| Earnings before Tax | 902.3 M | 1 B |
ConAgra Foods Investors Sentiment
The influence of ConAgra Foods' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ConAgra. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ConAgra Foods' public news can be used to forecast risks associated with an investment in ConAgra. The trend in average sentiment can be used to explain how an investor holding ConAgra can time the market purely based on public headlines and social activities around ConAgra Foods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ConAgra Foods' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ConAgra Foods' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ConAgra Foods' news discussions. The higher the estimated score, the more favorable is the investor's outlook on ConAgra Foods.
ConAgra Foods Implied Volatility | 35.23 |
ConAgra Foods' implied volatility exposes the market's sentiment of ConAgra Foods stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ConAgra Foods' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ConAgra Foods stock will not fluctuate a lot when ConAgra Foods' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ConAgra Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ConAgra Foods' short interest history, or implied volatility extrapolated from ConAgra Foods options trading.
Pair Trading with ConAgra Foods
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConAgra Foods position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConAgra Foods will appreciate offsetting losses from the drop in the long position's value.Moving together with ConAgra Stock
| + | 0.92 | K | Kellogg Company | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.73 | KO | Coca-Cola | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.84 | LW | Lamb Weston Holdings | Report 5th of October 2023 | PairCorr |
Moving against ConAgra Stock
| - | 0.8 | BG | Bunge Limited | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.66 | FRPT | Freshpet | Fiscal Quarter End 30th of September 2023 | PairCorr |
The ability to find closely correlated positions to ConAgra Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConAgra Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConAgra Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConAgra Foods to buy it.
The correlation of ConAgra Foods is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConAgra Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConAgra Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConAgra Foods can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide. Note that the ConAgra Foods information on this page should be used as a complementary analysis to other ConAgra Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for ConAgra Stock analysis
When running ConAgra Foods' price analysis, check to measure ConAgra Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConAgra Foods is operating at the current time. Most of ConAgra Foods' value examination focuses on studying past and present price action to predict the probability of ConAgra Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConAgra Foods' price. Additionally, you may evaluate how the addition of ConAgra Foods to your portfolios can decrease your overall portfolio volatility.
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Is ConAgra Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConAgra Foods. If investors know ConAgra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConAgra Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.76) | Dividend Share 1.32 | Earnings Share 1.42 | Revenue Per Share 25.636 | Quarterly Revenue Growth 0.022 |
The market value of ConAgra Foods is measured differently than its book value, which is the value of ConAgra that is recorded on the company's balance sheet. Investors also form their own opinion of ConAgra Foods' value that differs from its market value or its book value, called intrinsic value, which is ConAgra Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConAgra Foods' market value can be influenced by many factors that don't directly affect ConAgra Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConAgra Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConAgra Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConAgra Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.