Conagra Brands (CAG) stock was down on Friday following the release of the consumer packaged goods food company’s Fiscal Q2 2026 earnings. This report started with adjusted earnings per share of 45 cents, which was just above the 44 cents per share Wall Street expected. However, the company’s adjusted EPS dropped 35.7% year-over-year from 70 cents.
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Revenue reported by Conagra Brands in its latest earnings report was $2.98 billion, which matched analysts’ estimate for the quarter. Even so, the company’s revenue dropped 6.8% year-over-year from $3.2 billion. The company also noted that its organic net sales for the quarter were down 3% from the same period of the year prior.
CAG stock was down 0.45% on Friday, following a 0.67% dip yesterday. The stock has fallen 31.34% year-to-date and 34.34% over the past 12 months. Investors will note that trading activity is light today despite its earnings release.
Conagra Brands Guidance
Conagra Brands also provided investors with a Fiscal 2026 guidance update in its latest earnings report. It expects organic net sales to experience a 1% decrease to a 1% increase, adjusted operating margin between 11% and 11.5%, and adjusted EPS to range from $1.70 to $1.85. For the record, Wall Street expects adjusted EPS of $1.85 for the current year.
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, 10 Hold, and two Sell ratings over the past three months. With that comes an average CAG stock price target of $19.50, representing a potential 9.55% upside for the shares. These ratings and price targets will likely change as analysts update their coverage following today’s earnings report.
