The Campbell Soup Company (CPB) has built a notably reliable history of exceeding Wall Street's revenue and EPS predictions, outperforming estimates in three of the trailing four quarters. This fuels anticipation that CPB will report stronger earnings in the forthcoming quarterly announcement.
However, Street projections for the quarter ended October 2023 suggest a challenging period lies ahead for the company. Analysts are forecasting CPB's revenues to land at $2.52 billion, representing a year-on-year decrease of 2.2%. Concurrently, its EPS is expected to drop by 14.1% compared to the same period last year to $0.88.
