Ahead of Conagra Brands' upcoming second-quarter financial report, several prominent Wall Street analysts have adjusted their outlooks for the company's performance. These revisions reflect a careful assessment of the consumer food giant's recent operational results and market conditions. The company is set to announce its latest quarterly figures before the market opens this Friday, December 19th.
The prevailing sentiment among analysts points to a predicted dip in key financial metrics. The consensus forecast anticipates earnings per share to be around 44 cents, a notable decrease from the 70 cents reported in the same period last year. Similarly, revenue projections are set at $2.98 billion, a decline from the $3.2 billion achieved in the prior year's second quarter. These updated estimates come on the heels of Conagra's first-quarter fiscal 2026 results, where the company surpassed profit expectations but still experienced a year-over-year revenue reduction.
Individual analyst adjustments highlight varied perspectives on Conagra's valuation and future trajectory. Wells Fargo's Chris Carey reiterated an Equal-Weight rating, lowering the price target from $20 to $19. Stifel's Matthew Smith maintained a Hold rating, also reducing the price target from $21 to $19. Goldman Sachs' Leah Jordan held a Sell rating, further cutting the price target from $18 to $16. Evercore ISI Group's David Palmer sustained an In-Line rating, adjusting the price target from $24 to $23. In contrast, Morgan Stanley's Megan Alexander kept an Equal-Weight rating but slightly increased the price target from $20 to $21. The collective revisions underscore a cautious approach from financial experts as Conagra navigates the current economic landscape and prepares to unveil its second-quarter performance.
In the dynamic world of finance, where market movements can be swift and unpredictable, detailed analysis from seasoned experts provides crucial insights. These evaluations offer investors a framework to understand potential risks and opportunities, fostering informed decision-making and contributing to a more transparent and efficient market environment.