Equity Profile

CAG

Conagra Brands, Inc.

Consumer StaplesPackaged Foods & Meats$6.2B

Jul9Thu

Pre-Earnings Brief

UpcomingQ4-2026Pre-Market9:00 AM EDT

Company Snapshot

Conagra Brands, Inc. (CAG) is a major player in the consumer staples sector, focusing on packaged foods and meats....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and performance, and investors will be looking for signs of growth or decline.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and market share, which is crucial in a competitive industry.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CAG Q4-2026 Earnings Preview

Context

Company Snapshot

Conagra Brands, Inc. (CAG) is a major player in the consumer staples sector, focusing on packaged foods and meats. The company is known for its diverse portfolio of well-recognized brands, which cater to changing consumer preferences and trends in food consumption.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+10.46%

Avg Stock Reaction

-1.61%

Last Quarter Recap

In Q3-2026, Conagra reported an EPS of $0.39, slightly missing expectations. The stock reacted negatively, dropping 1.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Conagra's upcoming earnings are mixed, with investors closely watching for signs of recovery after recent earnings misses.

Bull Case

If Conagra can report better-than-expected EPS and revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, another earnings miss or weak guidance could further erode investor trust and lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q4-2026, and how does it compare to previous quarters?

EPS is a critical measure of profitability, and a significant improvement or decline could greatly influence investor sentiment.

How is Conagra addressing cost pressures and supply chain challenges?

Understanding the company's strategy to manage costs will be crucial for assessing future profitability and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Conagra's ability to adapt to changing consumer preferences, particularly in the packaged foods segment.

Supporting Evidence

Recent insider buying indicates confidence in the company's future performance despite recent challenges.

Options pricing suggests a significant move is expected, indicating that traders are anticipating a potential surprise.

Key Risk

If the EPS comes in above $0.45, it could challenge the current bearish sentiment and shift the narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is critical as it will reveal whether Conagra can overcome recent challenges and regain investor confidence.

Bull Confirmed If

Reporting an EPS of $0.45 or higher would confirm the bull case and indicate a recovery in profitability.

Bear Confirmed If

An EPS below $0.39 would support the bear case and suggest ongoing struggles in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±8.69%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±8.6% while CAG has averaged ±3.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

24.0%

Calls (428K)P/C Ratio: 0.68Puts (440K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Consumer Staples

n=30

Fade rate: 10 of 30 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 20 of 30 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 5.4%, with a raw directional average of +0.8% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$608,902.25

42,500 sh

2 insiders

Sold

$0.00

0 sh

0 insiders

Net

$608,902.25

Net buying

Most Active Insiders· 2 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Conagra beats expectations, history suggests a potential average one-day move of +5.41%, confirming a positive turnaround narrative.

In-Line / Cautious

A cautious in-line report could lead to muted reactions, as investors weigh management's commentary against past performance.

Miss

If the company misses expectations again, history suggests an average one-day move of -1.37%, which could further dampen investor sentiment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·3 sells

Members

House only

Est. Notional

$4,004.00–$60,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
4

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on margins.
2Insights into consumer demand trends for Conagra's key products.
3Management's outlook on supply chain stability moving forward.
4Details on new product launches or marketing initiatives.
5Any commentary on competitive pressures in the packaged foods market.

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Company Snapshot

Conagra Brands, Inc. (CAG) is a major player in the consumer staples sector, focusing on packaged foods and meats....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and performance, and investors will be looking for signs of growth or decline.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and market share, which is crucial in a competitive industry.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CAG Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+10.46%

Avg Stock Reaction

-1.61%

Last Quarter Recap

In Q3-2026, Conagra reported an EPS of $0.39, slightly missing expectations. The stock reacted negatively, dropping 1.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Conagra's upcoming earnings are mixed, with investors closely watching for signs of recovery after recent earnings misses.

Bull Case

If Conagra can report better-than-expected EPS and revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, another earnings miss or weak guidance could further erode investor trust and lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q4-2026, and how does it compare to previous quarters?

EPS is a critical measure of profitability, and a significant improvement or decline could greatly influence investor sentiment.

How is Conagra addressing cost pressures and supply chain challenges?

Understanding the company's strategy to manage costs will be crucial for assessing future profitability and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Conagra's ability to adapt to changing consumer preferences, particularly in the packaged foods segment.

Supporting Evidence

Recent insider buying indicates confidence in the company's future performance despite recent challenges.

Options pricing suggests a significant move is expected, indicating that traders are anticipating a potential surprise.

Key Risk

If the EPS comes in above $0.45, it could challenge the current bearish sentiment and shift the narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is critical as it will reveal whether Conagra can overcome recent challenges and regain investor confidence.

Bull Confirmed If

Reporting an EPS of $0.45 or higher would confirm the bull case and indicate a recovery in profitability.

Bear Confirmed If

An EPS below $0.39 would support the bear case and suggest ongoing struggles in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±8.69%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±8.6% while CAG has averaged ±3.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

24.0%

Calls (428K)P/C Ratio: 0.68Puts (440K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Consumer Staples

n=30

Fade rate: 10 of 30 (33%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$608,902.25

42,500 sh

2 insiders

Sold

$0.00

0 sh

0 insiders

Net

$608,902.25

Net buying

Most Active Insiders· 2 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Conagra beats expectations, history suggests a potential average one-day move of +5.41%, confirming a positive turnaround narrative.

In-Line / Cautious

A cautious in-line report could lead to muted reactions, as investors weigh management's commentary against past performance.

Miss

If the company misses expectations again, history suggests an average one-day move of -1.37%, which could further dampen investor sentiment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·3 sells

Members

House only

Est. Notional

$4,004.00–$60,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
4

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on margins.
2Insights into consumer demand trends for Conagra's key products.
3Management's outlook on supply chain stability moving forward.
4Details on new product launches or marketing initiatives.
5Any commentary on competitive pressures in the packaged foods market.