Conagra Brands Investors Anticipate Conservative FY27 Outlook, UBS Says

MT Newswires Live07-09 23:40

Conagra Brands (CAG) investors are prepared for a conservative fiscal 2027 outlook amid softer consumption trends and input-cost inflation, UBS Securities said Wednesday in a report.

UBS expects organic sales growth of 0.3%, compared with Wall Street expectations of 0.4%, and adjusted operating margins of 10.4% versus the 11% consensus, along with earnings per share of $1.50, or $0.13 below projections.

For fiscal Q4, UBS expects organic sales growth of 0.6%, compared with Wall Street's 0.9% estimate, with gains from the previous quarter in the grocery and snacks segment and the refrigerated and frozen unit. International organic sales may fall 2.5%, versus analysts' projected 0.5% decline, the report said.

Q4 results are due Wednesday.

UBS maintained its neutral rating on Conagra stock with a $13 price target.

Price: 13.55, Change: -0.23, Percent Change: -1.63

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment