Campbell Soup Company
) soared to a new 52-week high of $46.45 on Tuesday, Apr 2,
following its previous high of $42.23 reached on Mar 19. The
company continues to gain from a consistent positive earnings
surprise trend, strong revenue growth, impressive management
guidance, encouraging cash position and reasonable valuation
Average volume of shares traded over the last 3 months stands
at approximately 1,976K. Moreover, the stock currently trades at
a forward P/E of 18.0x, at an 8.4% premium from the peer group
average of 16.6x.
CAMPBELL SOUP (CPB): Free Stock Analysis
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This Zacks Rank #2 (Buy) foods and simple meals manufacturer
closed trade at $46.00 on Apr 2, representing a solid
year-to-date return of approximately 28.1%, while gaining about
35.4% over the past one year.
Looking at its earnings surprise history, Campbell has beaten the
Zacks Consensus Estimates consecutively over the past 8 quarters.
The average positive surprise in the trailing 8 quarters comes to
The recent second-quarter fiscal 2013 results have added to its
streak of upbeat performances. Campbell Soup posted earnings of
70 cents per share for second-quarter fiscal 2013, handily
surpassing the Zacks Consensus Estimate of 66 cents, which led to
a surprise of 6.1%. Moreover, quarterly earnings surged 9% year
over year, primarily driven by a 10.5% rise in the top line.
Looking ahead, the company continues to anticipate sales growth
in the range of 10%-12% and earnings between $2.51 and $2.57 per
share in fiscal 2013, reflecting an increase of 3%-5% from 2012
level. The current Zacks Consensus Estimate stands at $2.55 per
Apart from strong results, Campbell's growth story looks
compelling. We believe the company's prudent investment and
strategic initiatives toward product innovation and brand
building will boost its customer base and profitability.