Feb-21-19 04:30PM Campbell and Joshua Green Corporation Sign Definitive Agreement for Sale of Campbell Fresh Plant Business Wire
04:16PM Hedge fund Third Point praises Nestle chief in letter to investors Reuters
07:48AM High Costs Blur Prospects for Campbell's (CPB) Q2 Earnings Zacks
I will read these and see what da say LOL......
That DMI black line shot almost straight up. Something caught folks attention
http://www.finviz.com/quote.ashx?t=cpb
Hurdles in the Path
Although the aforementioned factors are encouraging, there are significant challenges in Campbell’s path. The company has been grappling with soft U.S. soup sales for a while, which are weighing on organic sales. Notably, U.S. soup sales are being hampered by greater market competition and promotions. Moreover, the company expects U.S. Soup business to fall in fiscal 2019, wherein organic sales are expected to fall marginally. This mars hopes for the company’s fiscal second-quarter results.
To top these, Campbell is grappling with strained gross margin performance, stemming from cost inflation, escalated supply-chain expenses and increased promotional spending. Cost inflation for items like dairy, steel cans, wheat, vegetables and resins along with persistent rise in transportation and logistics expenses are hurting profitability. Moreover, management expects fiscal 2019 gross margin to decline nearly 2 percentage points. In fact, cost inflation, which is a threat to fiscal second-quarter earnings, is weighing on many other food companies like Conagra Brands CAG, General Mills GIS and Lamb Weston LW
What to Expect?
The Zacks Consensus Estimate for earnings for the impending quarter went down by a penny in the past 30 days to 70 cents per share, which reflects a decline of 30% from $1 in the year-ago quarter. Nonetheless, the consensus mark for revenues is pegged at $2,692 million, reflecting close to 24% growth from $2,180 million in the year-ago quarter.
What the Zacks Model Unveils
Our proven model doesn’t show that Campbell is likely to beat bottom-line estimates this quarter. For this to happen, the stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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