Earnings Preview: ConAgra Foods Reports Q1 Results Tuesday

| About: ConAgra Brands, (CAG)
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ConAgra Foods, Inc. (NYSE:CAG) is due to report earnings before the opening bell on September 20, 2011.

CAG trades an average of 3.8 million shares per day.

ConAgra Foods, Inc. operates as a food company primarily in North America. It operates in two segments, Consumer Foods and Commercial Foods. The company was founded in 1919 and is headquartered in Omaha, Nebraska.

52-Week High: $26.60
52-Week Low: $21.02
Book Value: $11.45
Float Short: 1.78%

On average, analysts are expecting a drop of $-0.15 in earnings per share compared to last quarter's results of $0.47. A beat of $0.32 per share will top the estimated mean earnings. Analyst estimates range between $0.29 and $0.35 per share.

Looking at the price movement over the last month, the stock has moved higher in price 1.03%, with a one-year change of 5.92%. Comparing to the S&P 500 price changes, the price performances are -4.69% vs. the S&P 500 from a month ago, and year-to-date difference is 8.85% vs. the S&P 500 price change.

For the same fiscal period year-over-year, revenue has improved to $12.30 billion for 2011 vs. $12.01 billion for 2010. The bottom line has rising earnings year-over-year of $817.00 million for 2011 vs. $725.80 million for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $1.40 billion for 2011 vs. $1.24 billion for 2010.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
May-11 $ 3.19 B $ 3.21 B $ 22.12 M 0.69%
Feb-11 $ 3.12 B $ 3.15 B $ 35.75 M 1.15%
Nov-10 $ 3.13 B $ 3.16 B $ 29.89 M 0.95%
Aug-10 $ 2.97 B $ 2.82 B $ -151.39 M -5.1%
May-10 $ 3.16 B $ 3.06 B $ -94.64 M -3%
M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

Reported earnings per share compared to the mean estimate. Differences are rounded.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.