Campbell Soup Company Second Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Campbell Soup Company (NYSE:CPB) will unveil its latest earnings on Friday, February 17, 2012. Campbell Soup, with its consolidated subsidiaries, is a global manufacturer of convenience food products.

Campbell Soup Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 62 cents per share, a decline of 12.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 66 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 63 cents during the last month. Analysts are projecting profit to rise by 7.1% compared to last year’s $2.36.

Past Earnings Performance: Last quarter, the company reported profit of 82 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 0.5% in revenue from the year-earlier quarter to $2.12 billion.

Analyst Ratings: Analysts seem relatively indifferent about Campbell Soup Company with 13 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit fell 5% to $265 million (82 cents a share) from $279 million (82 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.5% to $2.16 billion from $2.17 billion.

Key Stats:

The company has seen net income fall in each of the last two quarters. Net income dropped 11.5% in the fourth quarter of the last fiscal year.

A year-over-year revenue decrease in the first quarter snapped a streak of two consecutive quarters of revenue increases. Revenue rose 5.9% in the fourth quarter of the last fiscal year and 0.6% in the third quarter of the last fiscal year.

Stock Price Performance: Between November 15, 2011 and February 13, 2012, the stock price fell $1.84 (-5.5%), from $33.47 to $31.63. The stock price saw one of its best stretches over the last year between January 27, 2012 and February 3, 2012, when shares rose for six straight days, increasing 1.5% (+46 cents) over that span. It saw one of its worst periods between December 29, 2011 and January 6, 2012 when shares fell for six straight days, dropping 6.1% (-$2.04) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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