ConAgra Foods Comparable Q1 EPS Exceeds Expectations; Strong Margin Expansion in Consumer, Commercial Segments; Implementing Strategic Plan; Divestiture of Private Label on Track

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RBC Capital Reiterates Sector Perform on ConAgra Foods (CAG) Following 1Q16 EPS Beat

September 23, 2015 9:10 AM EDT

RBC Capital reiterated a Sector Perform rating and $46.00 price target on ConAgra (NYSE: CAG) following the company's 1Q16 earnings results. EPS was reported at $0.45 beating consensus of $0.40. After a -7% pullback, Analyst David Palmer believes the risk reward is improving for ConAgras... More

ConAgra Foods (CAG) Tops Q1 EPS by 5c; Sees Q2 EPS Flat Y/Y

September 22, 2015 7:34 AM EDT

(Updated - September 22, 2015 8:17 AM EDT)

ConAgra Foods (NYSE: CAG) reported Q1 EPS of $0.45, $0.05 better than the analyst estimate of $0.40. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $3.67 billion.

Consumer Foods posted strong operating profit growth and more than 250 basis points of comparable margin improvement through a combination of favorable price/mix and increased productivity.Commercial Foods posted good sales and operating profit performance, primarily due to strong volumes, favorable mix, and efficiencies for Lamb... More