Bear Of The Day: Campbell Soup (CPB)
Campbell Soup (CPB) is a Zacks Rank #5 (Strong Sell) after the company has missed the last two earnings reports. Along with those two misses, estimates for the year and the next two-quarters. For that reason, it is the Bear Of The Day.
Description
Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. The company operates in three business segments: Soup and Sauces, Biscuits and Confectionery, and Away From Home.
Earnings History
The company has missed two of the last four reports.
Campbell Soup Company Price and EPS Surprise
Campbell Soup Company Price and EPS Surprise | Campbell Soup Company Quote
While soup is a staple, investors may be wise to take a deep look at this stock. The stock is down, but sales have continued to grow. This fiscal year will see growth of around 1% and is looking for 1.5% for next year. Analysts are expecting EPS growth of 2% this fiscal year and 4% next fiscal year. Those growth numbers are below the industry average, but that could bring activists into this name.
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