Equity Profile

CAG

Conagra Brands, Inc.

Consumer StaplesPackaged Foods & Meats$6.9B

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

EPS

Earnings per share (EPS) is a critical measure of the company's profitability and is closely watched by investors.

0.46

Revenue

Total revenue indicates the company's sales performance and market demand for its products.

2.9B

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 produces a wide range of well-known food products, making it a staple in many households. As consumer spending trends shift, Conagra's performance can provide insights into broader market dynamics.

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 below the expected $0.40, resulting in a negative surprise of 2.26%. Following the report, the stock declined by 1.27% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic for Conagra's upcoming earnings, with expectations set at an EPS of $0.46 and revenue of $2.9 billion. The market is closely monitoring how the company navigates current economic challenges.

Bull Case

If Conagra can exceed EPS expectations and show strong revenue growth, it could signal robust consumer demand and effective cost management, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses its EPS or revenue targets, it may reflect ongoing challenges in the packaged foods sector, potentially leading to a decline in stock price.

Key Metrics to Watch

EPS

0.46

Earnings per share (EPS) is a critical measure of the company's profitability and is closely watched by investors.

Revenue

2.9B

Total revenue indicates the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Conagra's EPS exceed the consensus estimate of $0.46?

A beat on EPS could indicate stronger profitability and operational efficiency, which would be a positive signal for investors.

What are the revenue figures compared to the expected $2.9 billion?

Revenue performance will provide insights into consumer demand and the effectiveness of Conagra's product offerings in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent cost-cutting measures and product innovations that could drive better-than-expected results this quarter.

Supporting Evidence

Conagra's historical EPS beat rate is 63%, indicating a tendency to outperform expectations.

The options market is pricing for an 8.62% move, which is significantly higher than the average realized move of 3.34%, suggesting an overreaction to potential risks.

Key Risk

If EPS comes in above $0.46, it could challenge the current bearish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it reflects how well Conagra is managing costs and responding to consumer trends amidst economic pressures.

Bull Confirmed If

An EPS of $0.48 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.44 would support the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.62%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move in either direction, indicating uncertainty about the upcoming 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).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Conagra beats expectations, history suggests the stock could rise by around 5.4%, confirming a positive outlook on profitability.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors digest the results, potentially resulting in a small move.

Miss

If the company misses expectations, the stock could decline by approximately 1.37%, reflecting investor disappointment.

Preparation

Congressional Activity

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

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

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 product lines.
3Management's outlook on future revenue growth and market conditions.
4Details on any new product launches or innovations planned for the upcoming quarters.
5Responses to 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

EPS

Earnings per share (EPS) is a critical measure of the company's profitability and is closely watched by investors.

0.46

Revenue

Total revenue indicates the company's sales performance and market demand for its products.

2.9B

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 below the expected $0.40, resulting in a negative surprise of 2.26%. Following the report, the stock declined by 1.27% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Conagra can exceed EPS expectations and show strong revenue growth, it could signal robust consumer demand and effective cost management, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses its EPS or revenue targets, it may reflect ongoing challenges in the packaged foods sector, potentially leading to a decline in stock price.

Key Metrics to Watch

EPS

0.46

Earnings per share (EPS) is a critical measure of the company's profitability and is closely watched by investors.

Revenue

2.9B

Total revenue indicates the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Conagra's EPS exceed the consensus estimate of $0.46?

A beat on EPS could indicate stronger profitability and operational efficiency, which would be a positive signal for investors.

What are the revenue figures compared to the expected $2.9 billion?

Revenue performance will provide insights into consumer demand and the effectiveness of Conagra's product offerings in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent cost-cutting measures and product innovations that could drive better-than-expected results this quarter.

Supporting Evidence

Conagra's historical EPS beat rate is 63%, indicating a tendency to outperform expectations.

The options market is pricing for an 8.62% move, which is significantly higher than the average realized move of 3.34%, suggesting an overreaction to potential risks.

Key Risk

If EPS comes in above $0.46, it could challenge the current bearish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it reflects how well Conagra is managing costs and responding to consumer trends amidst economic pressures.

Bull Confirmed If

An EPS of $0.48 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.44 would support the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.62%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move in either direction, indicating uncertainty about the upcoming 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%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Conagra beats expectations, history suggests the stock could rise by around 5.4%, confirming a positive outlook on profitability.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors digest the results, potentially resulting in a small move.

Miss

If the company misses expectations, the stock could decline by approximately 1.37%, reflecting investor disappointment.

Preparation

Congressional Activity

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

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

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 product lines.
3Management's outlook on future revenue growth and market conditions.
4Details on any new product launches or innovations planned for the upcoming quarters.
5Responses to competitive pressures in the packaged foods market.