The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ConAgra Foods's revenues will grow 15.8% and EPS will increase 9.8%.
The average estimate for revenue is $3.91 billion. On the bottom line, the average EPS estimate is $0.56.
Last quarter, ConAgra Foods notched revenue of $3.74 billion. GAAP reported sales were 8.9% higher than the prior-year quarter's $3.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.57. GAAP EPS of $0.51 for Q2 were 19% higher than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 23.1%, 110 basis points better than the prior-year quarter. Operating margin was 10.2%, 80 basis points better than the prior-year quarter. Net margin was 5.7%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $15.63 billion. The average EPS estimate is $2.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 624 members out of 694 rating the stock outperform, and 70 members rating it underperform. Among 211 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give ConAgra Foods a green thumbs-up, and nine 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 $29.77.
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