What to Expect:
Over the past three months, the consensus estimate has sagged from 66 cents. Analysts are projecting earnings of $2.36 per share for the fiscal year.
Analysts look for revenue to decrease 0.3% year-over-year to $2.12 billion for the quarter, after being $2.13 billion a year ago. For the year, revenue is projected to roll in at $7.71 billion.
Trends to Watch For:
Profit has fallen in each of the last two quarters. The company posted profit falling by 5% in the first quarter. This is after it reported a profit decline in the fourth quarter of the last fiscal year by 11.5%.
A year-over-year revenue decrease in the first quarter snapped a streak of two consecutive quarters of revenue increases. Revenue fell 0.5% in the first quarter and rose 5.9% in the fourth quarter of the last fiscal year and 0.6% in the third quarter of the last fiscal year.
Analyst Ratings:
Analysts generally think investors should stand pat on Campbell, with 13 of 16 analysts rating it hold.
Competitors:
Campbell Soup and its subsidiaries manufacture food products. One of Campbell’s main competitors in the food products industry, H.J. Heinz (HNZ), will report earnings on February 17, 2012. Other competitors in the consumer staples sector include: TreeHouse Foods (THS), Hain Celestial Group (HAIN), and McCormick & Company (MKC).
The stock price has fallen 4.4% to $31.63 from $33.07 since November 16, 2011.
Source Earnings estimates provided by Zacks.
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