Conagra's Q2 Earnings Preview: Will the Results Surprise Investors?

Conagra Brands (NYSE:CAG) will announce earnings before market open. Last quarter, revenues were $2.84 billion, down 6.3% YoY, missing analysts’ estimates by 2%. EBITDA and gross margin also fell short. Analysts expect revenue to decline 2.6% YoY this quarter to $2.83 billion, with adjusted earnings at $0.61 per share. Peers like McCormick and General Mills have already reported mixed Q2 results. Conagra’s stock is down 7.7% in the last month, with an average analyst price target of $24.22. Check out our full analysis on Conagra before earnings.

Read more at Barchart: What To Expect From Conagra’s (CAG) Q2 Earnings