For its fourth fiscal quarter (ending May 31), Conagra Brands Inc (NYSE: CAG) has reported a -1575% decline in E.P.S. from $0.08 a year ago to $-1.18 in the current quarter. This performance was $-1.75 short of the consensus estimate of $0.57. E.P.S. were $0.73 for the latest four quarters through May 31 versus $1.43 for the same period a year ago — a decline of -49%.
Recent Price Action
On 7/11/24, Conagra Brands Inc (NYSE: CAG) stock declined modestly by -1.5%, closing at $28.38. Moreover, exceptionally high trading volume at 322% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CAG is expected to continue to be an important Value Builder.
Conagra Brands has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Conagra Brands has a neutral Appreciation Score of 51 and a neutral Power Rating of 47, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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