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 will show how well Conagra managed costs and sales during the quarter.

N/A

Revenue Growth

Revenue growth will indicate overall demand for Conagra's products and how well the company is competing in the market.

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. With a market cap of $6 billion, the company is known for its diverse portfolio of brands that cater to everyday consumer needs, making it an important barometer for trends in consumer spending.

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 the estimate of $0.40. 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 hoping for a rebound after recent misses. The market is closely watching how the company addresses cost pressures and consumer demand.

Bull Case

If Conagra can show strong revenue growth and improved margins, it could signal a recovery in consumer spending and operational efficiency, leading to a positive market reaction.

Bear Case

Conversely, if the company continues to miss earnings expectations and fails to demonstrate effective cost management, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for this quarter?

A clear EPS figure is crucial for assessing profitability and will directly impact investor sentiment.

How is Conagra managing cost pressures and supply chain issues?

Understanding the company's strategies to handle rising costs will be critical for future profitability and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Conagra's ability to leverage its brand portfolio for pricing power, which could lead to better-than-expected margins.

Supporting Evidence

Insider buying activity suggests confidence in the company's future performance.

Options pricing indicates a significant expected move, which may reflect underlying volatility not captured in consensus estimates.

Key Risk

If Conagra's EPS exceeds $0.45, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Conagra can turn around its recent performance and effectively manage costs in a challenging environment.

Bull Confirmed If

An EPS of $0.45 or higher would confirm the bull case, indicating effective cost management and strong consumer demand.

Bear Confirmed If

An EPS below $0.39 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±8.62%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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

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 the stock could rise by around 5.4%, confirming a positive trend in consumer demand.

In-Line / Cautious

An in-line result may lead to a muted reaction, as investors will be looking for management's commentary on future outlook.

Miss

If the company misses expectations, history suggests a potential decline of about 1.37%, reflecting ongoing concerns about profitability.

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 effectiveness.
2Details on consumer demand trends for key product lines.
3Insights into supply chain improvements and their impact on margins.
4Management's outlook on future earnings and market conditions.
5Responses to competitive pressures in the packaged foods sector.

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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 will show how well Conagra managed costs and sales during the quarter.

N/A

Revenue Growth

Revenue growth will indicate overall demand for Conagra's products and how well the company is competing in the market.

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 the estimate of $0.40. The stock reacted negatively, dropping 1.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Conagra can show strong revenue growth and improved margins, it could signal a recovery in consumer spending and operational efficiency, leading to a positive market reaction.

Bear Case

Conversely, if the company continues to miss earnings expectations and fails to demonstrate effective cost management, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for this quarter?

A clear EPS figure is crucial for assessing profitability and will directly impact investor sentiment.

How is Conagra managing cost pressures and supply chain issues?

Understanding the company's strategies to handle rising costs will be critical for future profitability and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Conagra's ability to leverage its brand portfolio for pricing power, which could lead to better-than-expected margins.

Supporting Evidence

Insider buying activity suggests confidence in the company's future performance.

Options pricing indicates a significant expected move, which may reflect underlying volatility not captured in consensus estimates.

Key Risk

If Conagra's EPS exceeds $0.45, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Conagra can turn around its recent performance and effectively manage costs in a challenging environment.

Bull Confirmed If

An EPS of $0.45 or higher would confirm the bull case, indicating effective cost management and strong consumer demand.

Bear Confirmed If

An EPS below $0.39 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±8.62%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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

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 the stock could rise by around 5.4%, confirming a positive trend in consumer demand.

In-Line / Cautious

An in-line result may lead to a muted reaction, as investors will be looking for management's commentary on future outlook.

Miss

If the company misses expectations, history suggests a potential decline of about 1.37%, reflecting ongoing concerns about profitability.

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 effectiveness.
2Details on consumer demand trends for key product lines.
3Insights into supply chain improvements and their impact on margins.
4Management's outlook on future earnings and market conditions.
5Responses to competitive pressures in the packaged foods sector.