Conagra Brands Inc (CAG) to Release Quarter 3 Numbers

Last Updated: Friday, September 30, 2022 4:27 PM | InvestorsObserver Analysts

What's Happening with CAG

Conagra Brands Inc (CAG) is scheduled to report Quarter 3 numbers before market open on October 6. Analysts forecast the company will earn $0.52 per share for the quarter. During the same period last year, the company earned $0.5 per share. The stock is down 26.35% on the year.

Technical Analysis

CAG was recently trading at $32.63, down $4.34 from its 12-month high and $2.57 above its 12-month low. InvestorsObserver gives CAG a 91 long-term technical score and a 91 short-term technical score. The stock has recent support above $32 and recent resistance below $34. Of the 9 analysts who cover the stock 1 rate it Strong Buy, 0 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, CAG gets an overall score of 71 from InvestorsObserver.

Analysts' Thoughts

CAG has shown an annual earnings growth of 6.44% over the last five years, and, looking ahead, analysts expect the company's profits to rise 6.10% per annum over the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects earnings of $0.52 per share. CAG is currently trading at $32.63 with an average price target of $36.03.

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