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ConAgra Foods Earnings Estimate

CAG Stock  USD 29.49  0.58  2.01%   
The next projected EPS of ConAgra Foods is estimated to be 0.64 with future projections ranging from a low of 0.61 to a high of 0.67. ConAgra Foods' most recent 12-month trailing earnings per share (EPS TTM) is at 2.05. Please be aware that the consensus of earnings estimates for ConAgra Foods is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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ConAgra Foods is projected to generate 0.64 in earnings per share on the 29th of February 2024. ConAgra Foods earnings estimates module stress-tests analyst consensus about projected ConAgra Foods EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as ConAgra Foods, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing ConAgra Foods' earnings estimates, investors can diagnose different trends across ConAgra Foods' analyst sentiment over time as well as compare current estimates against different timeframes. At this time, ConAgra Foods' Net Profit Margin is most likely to increase slightly in the upcoming years.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.

ConAgra Foods Earnings Estimation Breakdown

The calculation of ConAgra Foods' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of ConAgra Foods is estimated to be 0.64 with the future projection ranging from a low of 0.61 to a high of 0.67. Please be aware that this consensus of annual earnings estimates for ConAgra Foods is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
0.71
0.61
Lowest
Expected EPS
0.64
0.67
Highest

ConAgra Foods Earnings Projection Consensus

Suppose the current estimates of ConAgra Foods' value are higher than the current market price of the ConAgra Foods stock. In this case, investors may conclude that ConAgra Foods is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and ConAgra Foods' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 29th of February 2024Current EPS (TTM)
1490.81%
0.71
0.64
2.05

ConAgra Foods Earnings History

Earnings estimate consensus by ConAgra Foods analysts from Wall Street is used by the market to judge ConAgra Foods' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only ConAgra Foods' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

ConAgra Foods Quarterly Gross Profit

846.6 Million

At this time, ConAgra Foods' Retained Earnings are most likely to increase significantly in the upcoming years. The ConAgra Foods' current Price Earnings To Growth Ratio is estimated to increase to 1.70, while Retained Earnings Total Equity is projected to decrease to roughly 4.8 B. The current Common Stock Shares Outstanding is estimated to decrease to about 496.5 M. The current Net Income Applicable To Common Shares is estimated to decrease to about 666.4 M.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ConAgra Foods' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
28.1029.4830.86
Details
Intrinsic
Valuation
LowRealHigh
28.2229.6030.98
Details
Naive
Forecast
LowNextHigh
27.8429.2230.60
Details
18 Analysts
Consensus
LowTargetHigh
27.6330.3633.70
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ConAgra Foods. Your research has to be compared to or analyzed against ConAgra Foods' peers to derive any actionable benefits. When done correctly, ConAgra Foods' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ConAgra Foods. Note that many institutional investors and large investment bankers can move markets due to the volume of ConAgra assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards ConAgra Foods. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving ConAgra Foods' stock price in the short term.

ConAgra Foods Earnings per Share Projection vs Actual

Actual Earning per Share of ConAgra Foods refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering ConAgra Foods predict the company's earnings will be in the future. The higher the earnings per share of ConAgra Foods, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

ConAgra Foods Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as ConAgra Foods, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of ConAgra Foods should always be considered in relation to other companies to make a more educated investment decision.

ConAgra Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact ConAgra Foods' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-01-04
2023-11-300.680.710.03
2023-10-05
2023-08-310.60.660.0610 
2023-07-13
2023-05-310.590.620.03
2023-04-05
2023-02-280.640.760.1218 
2023-01-05
2022-11-300.660.810.1522 
2022-10-06
2022-08-310.520.570.05
2022-07-14
2022-05-310.630.650.02
2022-04-07
2022-02-280.580.580.0
2022-01-06
2021-11-300.680.64-0.04
2021-10-07
2021-08-310.490.50.01
2021-07-13
2021-05-310.520.540.02
2021-04-08
2021-02-280.580.590.01
2021-01-07
2020-11-300.730.810.0810 
2020-10-01
2020-08-310.570.70.1322 
2020-06-30
2020-05-310.660.750.0913 
2020-03-31
2020-02-290.490.47-0.02
2019-12-19
2019-11-300.570.630.0610 
2019-09-26
2019-08-310.390.430.0410 
2019-06-27
2019-05-310.410.36-0.0512 
2019-03-21
2019-02-280.490.510.02
2018-12-20
2018-11-300.550.670.1221 
2018-09-27
2018-08-310.490.47-0.02
2018-06-27
2018-05-310.440.50.0613 
2018-03-22
2018-02-280.560.610.05
2017-12-21
2017-11-300.520.550.03
2017-09-28
2017-08-310.40.460.0615 
2017-06-29
2017-05-310.370.370.0
2017-03-23
2017-02-280.440.480.04
2016-12-22
2016-11-300.450.490.04
2016-09-29
2016-08-310.480.610.1327 
2016-06-30
2016-05-310.520.520.0
2016-04-07
2016-02-290.580.680.117 
2015-12-22
2015-11-300.60.710.1118 
2015-09-22
2015-08-310.40.450.0512 
2015-06-30
2015-05-310.590.590.0
2015-03-26
2015-02-280.520.590.0713 
2014-12-18
2014-11-300.610.610.0
2014-09-18
2014-08-310.350.390.0411 
2014-06-26
2014-05-310.550.550.0
2014-03-20
2014-02-280.60.620.02
2013-12-19
2013-11-300.550.620.0712 
2013-09-19
2013-08-310.390.37-0.02
2013-06-27
2013-05-310.590.60.01
2013-04-03
2013-02-280.560.55-0.01
2012-12-20
2012-11-300.550.570.02
2012-09-20
2012-08-310.360.440.0822 
2012-06-21
2012-05-310.50.510.01
2012-03-22
2012-02-290.490.510.02
2011-12-20
2011-11-300.430.470.04
2011-09-20
2011-08-310.310.29-0.02
2011-06-23
2011-05-310.480.47-0.01
2011-03-24
2011-02-280.460.50.04
2010-12-21
2010-11-300.450.450.0
2010-09-21
2010-08-310.390.34-0.0512 
2010-06-24
2010-05-310.40.39-0.01
2010-03-25
2010-02-280.440.440.0
2009-12-21
2009-11-300.470.520.0510 
2009-09-22
2009-08-310.340.380.0411 
2009-06-25
2009-05-310.410.410.0
2009-03-26
2009-02-280.360.410.0513 
2008-12-17
2008-11-300.370.430.0616 
2008-09-18
2008-08-310.240.270.0312 
2008-06-26
2008-05-310.340.440.129 
2008-03-27
2008-02-290.410.630.2253 
2007-12-20
2007-11-300.420.50.0819 
2007-09-20
2007-08-310.290.340.0517 
2007-06-27
2007-05-310.310.380.0722 
2007-03-22
2007-02-280.350.390.0411 
2006-12-21
2006-11-300.330.40.0721 
2006-09-21
2006-08-310.230.260.0313 
2006-06-28
2006-05-310.290.320.0310 
2006-03-23
2006-02-280.340.370.03
2005-12-22
2005-11-300.380.380.0
2005-09-21
2005-08-310.230.310.0834 
2005-06-30
2005-05-310.260.260.0
2005-03-24
2005-02-280.320.340.02
2004-12-22
2004-11-300.460.470.01
2004-09-22
2004-08-310.260.280.02
2004-07-01
2004-05-310.420.41-0.01
2004-03-25
2004-02-290.380.390.01
2003-12-22
2003-11-300.490.46-0.03
2003-09-18
2003-08-310.380.23-0.1539 
2003-06-26
2003-05-310.410.420.01
2003-03-27
2003-02-280.30.30.0
2002-12-19
2002-11-300.520.47-0.05
2002-09-19
2002-08-310.40.420.02
2002-06-27
2002-05-310.330.360.03
2001-12-20
2001-11-300.430.440.01
2001-09-20
2001-08-310.280.360.0828 
2001-06-28
2001-05-310.20.230.0315 
2001-03-22
2001-02-280.190.190.0
2000-12-21
2000-11-300.580.580.0
2000-09-21
2000-08-310.30.30.0
2000-06-29
2000-05-310.460.460.0
2000-03-23
2000-02-290.410.410.0
1999-12-21
1999-11-300.510.530.02
1999-09-21
1999-08-310.270.270.0
1999-07-01
1999-05-310.410.410.0
1999-03-25
1999-02-280.360.360.0
1998-12-23
1998-11-300.450.460.01
1998-09-23
1998-08-310.230.230.0
1998-07-01
1998-05-310.390.37-0.02
1998-03-19
1998-02-280.310.3-0.01
1997-12-19
1997-11-300.460.460.0
1997-09-19
1997-08-310.240.240.0
1997-07-01
1997-05-310.40.410.01
1997-03-20
1997-02-280.310.320.01
1996-12-19
1996-11-300.410.410.0
1996-09-19
1996-08-310.20.210.01
1996-07-02
1996-05-310.340.360.02
1996-03-20
1996-02-290.280.280.0
1995-12-20
1995-11-300.360.360.0
1995-09-21
1995-08-310.180.180.0

About ConAgra Foods Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of ConAgra Foods earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current ConAgra Foods estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as ConAgra Foods fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings7.6 BB
Retained Earnings Total Equity7.6 B4.8 B
Price Earnings Ratio 20.14  15.04 
Price Earnings To Growth Ratio 1.62  1.70 

Pair Trading with ConAgra Foods

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConAgra Foods position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConAgra Foods will appreciate offsetting losses from the drop in the long position's value.

Moving against ConAgra Stock

  0.49BOF BranchOut Food CommonPairCorr
The ability to find closely correlated positions to ConAgra Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConAgra Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConAgra Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConAgra Foods to buy it.
The correlation of ConAgra Foods is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConAgra Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConAgra Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConAgra Foods can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ConAgra Foods is a strong investment it is important to analyze ConAgra Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ConAgra Foods' future performance. For an informed investment choice regarding ConAgra Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.
Note that the ConAgra Foods information on this page should be used as a complementary analysis to other ConAgra Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is ConAgra Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConAgra Foods. If investors know ConAgra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConAgra Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
1.36
Earnings Share
2.05
Revenue Per Share
25.459
Quarterly Revenue Growth
(0.03)
The market value of ConAgra Foods is measured differently than its book value, which is the value of ConAgra that is recorded on the company's balance sheet. Investors also form their own opinion of ConAgra Foods' value that differs from its market value or its book value, called intrinsic value, which is ConAgra Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConAgra Foods' market value can be influenced by many factors that don't directly affect ConAgra Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConAgra Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConAgra Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConAgra Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.