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%|
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.