Conagra Brands (CAG) stock was down on Thursday following the release of its Fiscal Q4 earnings report. This is due to its adjusted earnings per share of 56 cents, which missed Wall Street’s estimate of 58 cents per share. The consumer packaged goods food company’s adjusted EPS also dropped 8.2% year-over-year from 61 cents.
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Conagra Brands’ revenue in Fiscal Q4 came in at $2.78 billion, another miss compared to analysts’ estimate of $2.83 billion. The company’s revenue also decreased 4.3% from the $2.91 billion reported in Fiscal Q4 2024. This was attributed to a 1% negative impact on price/mix and a 2.5% drop in volume due to lower consumption trends.
CAG stock was down 3.24% in pre-market trading on Thursday, following a 1.31% slip yesterday. This continued its 24.46% fall year-to-date and its 28.19% decline over the past 12 months.
Conagra Brands Stock Outlook
Conagra Brands also provided guidance for Fiscal 2026 in its latest earnings report. The company expects adjusted EPS for the year to range from $1.70 to $1.85. This would have CAG’s adjusted EPS coming in well below Wall Street’s estimate of $2.45. The company also expects revenue for the year to be down 1% to up 1%.
Conagra Brands President and CEO Sean Connolly said, “In fiscal 2026, we expect elevated inflation and macroeconomic uncertainty to persist but remain focused on proactively managing the business by investing in our high-potential frozen and snacks domains, prioritizing volume strength, and further enhancing supply chain resiliency while continuing disciplined cost management and focus on cash flow.”
Is Conagra Brands Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Conagra Brands is Hold, based on one Buy, 12 Hold, and two Sell ratings over the past three months. With that comes an average CAG stock price target of $22.96, representing a potential 12.66% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.
