Earnings Report Insights for RPM and ConAgra Brands

Analysts project RPM International will report a 7.32% increase in EPS, while ConAgra Brands expects a decline of 10.61%. The upcoming earnings calls may significantly impact stock performance for both companies.

Date: 02-10-2024

AI Rating: 5

The report discusses upcoming earnings reports for two S&P 500 companies, RPM International Inc. and ConAgra Brands, Inc. Each company has different expectations regarding their earnings, impacting potential investor reactions and stock prices.

RPM International Inc. (RPM): The company is expected to report earnings per share (EPS) of $1.76, which is a 7.32% increase compared to the previous year. This positive growth in EPS could signal strength to investors, especially since RPM also sells at a lower Price to Earnings (P/E) ratio of 21.96 compared to the industry average of 27.60. Although RPM missed the consensus EPS in the last quarter by -0.81%, the current projected increase could offset previous concerns, making it a potentially attractive option for investors.

ConAgra Brands, Inc. (CAG): In contrast, ConAgra is expected to report an EPS of $0.59, which represents a concerning 10.61% decrease from the same quarter last year. This decline could result in negative sentiment toward the stock, despite a track record of exceeding expectations every quarter in the past year, including a notable 8.93% beat in the 2nd calendar quarter. The P/E ratio for ConAgra stands at 12.46, significantly lower than its industry ratio of 25.20, possibly indicating that the stock is undervalued, but the decrease in projected earnings could overshadow this.

Stocks: RPM CAG