Conagra Brands Reports Q3 Beat, How Will the Market React?
<p><a href='https://financialmodelingprep.com/financial-summary/CAG'>Conagra Brands, Inc. (NYSE:CAG) </a>reported its Q3 results, with EPS of $0.58 coming in above the consensus estimate of $0.57. Revenue was $2.91 billion, compared to the consensus estimate of $2.84 billion.</p>
<p>Analysts at Deutsche Bank provided their views on the company following the earnings announcement. They expect the company's results (top-line beat, gross margin/OI miss) and reduced 2022 guidance to be met with modest disappointment—reinforcing concerns regarding the company's exposure to cost inflation, alongside potential skepticism with respect to its future pricing power and demand resiliency. </p>
<p>In other words, the analysts expect the market to focus more on the updated outlook for adjusted EPS of $2.35 (vs. $2.50 prior)—and thus on management's below-consensus outlook for Q4—and less on the company's "pro forma" estimate of $2.65.</p>

NYSE:CAG