Top Wall Street Forecasters Revamp Campbell's Expectations Ahead Of Q3 Earnings

Benzinga
06-02

Campbell's Company (NASDAQ:CPB) will release its third-quarter earnings results before the opening bell on Monday, June 2.

Analysts expect the Camden, New Jersey-based company to report quarterly earnings at 66 cents per share, down from 75 cents per share in the year-ago period. Campbell's projects to report quarterly revenue of $2.43 billion. Compare that to the $2.37 billion it reported last year, according to data from Benzinga Pro.

On March 5, the company reported second-quarter sales growth of 9% to $2.685 billion, missing the analyst consensus estimate of $2.74 billion.

Campbell's shares fell 0.4% to close at $34.04 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and slashed the price target from $40 to $34 on May 30, 2025. This analyst has an accuracy rate of 63%.
  • Piper Sandler analyst Michael Lavery maintained an Overweight rating and cut the price target from $45 to $42 on May 23, 2025. This analyst has an accuracy rate of 66%.
  • Morgan Stanley analyst Megan Alexander initiated coverage on the stock with an Equal-Weight rating and a price target of $40 on March 24, 2025. This analyst has an accuracy rate of 70%.
  • JP Morgan analyst Ken Goldman downgraded the stock from Overweight to Neutral and cut the price target from $48 to $37 on March 6, 2025. This analyst has an accuracy rate of 78%.
  • Jefferies analyst Rob Dickerson maintained a Hold rating and slashed the price target from $42 to $40 on March 5, 2025. This analyst has an accuracy rate of 66%

Considering buying CPB stock? Here’s what analysts think:

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