Countdown to Conagra Brands (CAG) Q4 Earnings: Wall Street Forecasts for Key Metrics

Conagra Brands (CAG) is expected to report fourth-quarter results with earnings of $0.46 per share, a year-over-year decline of 17.9%, according to Wall Street forecasts. Revenue is projected at $2.88 billion, up 3.4% from the year-ago quarter. Analysts also indicate a slight upward revision of 0.2% to the consensus EPS estimate over the past 30 days, reflecting updated expectations from the coverage group. Among the metric forecasts, sales in Grocery & Snacks are expected to reach $1.15 billion, down 0.2% year over year. Foodservice sales are projected at $306.25 million, up 9.5%, while International sales are expected at $233.68 million, up 1.6%. Refrigerated & Frozen sales are forecast at $1.19 billion, up 5.7%. For profitability, adjusted operating profit is forecast at $215.69 million for Grocery & Snacks, $160.38 million for Refrigerated & Frozen, $33.29 million for Foodservice, and $31.06 million for International.