ConAgra Foods (NYSE: CAG) reported earnings on June 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 27 (Q4), ConAgra Foods met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Revenue details
ConAgra Foods reported revenue of $3.41 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $3.40 billion on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $3.17 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.51. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS were -$0.21 for Q4 against $0.60 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 20.2%, 230 basis points worse than the prior-year quarter. Operating margin was -2.6%, 1,340 basis points worse than the prior-year quarter. Net margin was -2.5%, 1,050 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $3.25 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $13.82 billion. The average EPS estimate is $1.98.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 613 members out of 682 rating the stock outperform, and 69 members rating it underperform. Among 194 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give ConAgra Foods a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ConAgra Foods is outperform, with an average price target of $27.25.
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