Campbell Soup earnings estimates report may 21 2012

Campbell Soup earnings estimates report may 21 2012 ; Wall Street is expecting lower profit for Campbell Soup (CPB) when the company reports its third quarter results on Monday, May 21, 2012. Analysts are expecting earnings per share of 52 cents after the company booked a profit of 57 cents a share a year earlier.

What to Expect:
The consensus estimate hasn’t changed over the past month, but it’s down from three months ago when it was 53 cents. For the fiscal year, analysts are projecting earnings of $2.38 per share.

After being $1.81 billion a year ago, analysts project revenue to drop 0.2% year-over-year to $1.81 billion for the quarter. For the year, revenue is projected to roll in at $7.71 billion.

Trends to Watch For:
For three quarters in a row, the company has posted declining profit. Net income fell 14.2% in the second quarter. Going back two quarters, profit decreased 5% in the first quarter and 11.5% in the fourth quarter of the last fiscal year.

The company’s revenue declined in each of the last two quarters. Revenue dropped by 0.7% year-over-year to $2.11 billion in second quarter. The quarter before that, revenue dropped 0.5%.

Analyst Ratings:
The majority of analysts think investors should stand pat on Campbell, with 11 of 15 analysts rating it hold. Analysts have grown increasingly optimistic about the stock in the last three months.

Competitors:
Campbell Soup and its subsidiaries manufacture food products. One of Campbell’s main competitors in the food products industry, HJ Heinz (HNZ), will report earnings on May 24, 2012. Other competitors in the consumer staples sector include: TreeHouse Foods (THS), Hain Celestial Group (HAIN), and McCormick & Co (MKC).

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