Campbell Soup Company (NYSE:CPB) is expected to report fourth quarter earnings results, before market open, on Thursday 3rd September 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.60 per share.
Looking ahead, the full year income are expected at $ 2.94 per share on the revenues of $ 8645.34 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,553.00 million ~ $ 8,634.00 million, where as bottomline are predicted in a range of $ 2.87 ~ $ 2.92 per share
Click Here For More Historical Outlooks Of Campbell Soup Company
Previous Quarter Performance
Campbell Soup Company posted income for the third quarter of $ 0.83 per share, from the revenue of $ 2,238.00 million. The quarterly earnings developed 48.21 percent while revenues dropped 6.28 percent compared with the same quarter last year.
According to street consensus, CPB was expected to report 3Q20 income of $ 0.71 per share from revenue of $ 2169.32 million. The bottom line results beat street analysts by $ 0.12 or 16.90 percent, at the same time, top line results outshined analysts by $ 68.68 million or 3.17 percent.
Stock Performance
Shares of Campbell Soup Company traded up $ 0.92 or 1.79 percent on Wednesday, reaching $ 52.32 with volume of 1.38 million shares. The stock opened positive for the day at $ 51.70, after closing the previous day trading at $ 51.40.
According to the previous trading day, closing price of $ 51.40, representing a 26.29 % increase from the 52 week low of $ 40.70 and a 10.67 % decrease over the 52 week high of $ 57.54.
The company has a market capital of $ 15.81 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Conference Call
Campbell Soup Company will be hosting a conference call at 8:30 AM eastern time on 3rd September 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, +1 (703) 639-1316 U.S., when prompted, enter passcode 6497776 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/n977bors
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbells condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbells gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbells tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
