Campbell Soup Shares Gain 7% Since Q1 Report
<p><a href='https://financialmodelingprep.com/financial-summary/CPB'>Campbell Soup (NYSE:CPB)</a> shares rose more than 7% since the company’s reported Q1 results on Wednesday. Q1 EPS came in at $1.02, better than the Street estimate of $0.86. Revenue was $2.58 billion, beating the Street estimate of $2.42 billion.</p>
<p>For fiscal 2023, the company expects EPS to be in the range of $2.90-$3.00, compared to the Street estimate of $2.91. Net sales are expected to be in the range of 7-9%.</p>
<p>Analysts at Deutsche Bank said they remain cautious around prospects for consumer pushback/trade down going forward as economic pressures potentially mount. Therefore, they stay on the sidelines, reiterating their Hold rating, but slightly increasing their price target to $53 from $50 on higher forward estimates and a roll-forward in time.</p>

NYSE:CPB