Q3 Earnings Forecast for Campbell’s Issued By Zacks Research

The Campbell’s Company (NASDAQ:CPB) – Zacks Research lowered their Q3 2026 EPS estimates for Campbell’s in a report issued on Wednesday, March 25th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.49 for the quarter, down from their prior estimate of $0.60. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Campbell’s’ current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Campbell’s’ Q4 2026 earnings at $0.44 EPS, FY2026 earnings at $2.21 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $0.57 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.47 EPS, Q1 2028 earnings at $0.73 EPS and Q2 2028 earnings at $0.59 EPS.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Campbell’s had a return on equity of 19.96% and a net margin of 5.48%.The business had revenue of $2.56 billion for the quarter. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS.

A number of other equities analysts have also commented on the company. Bank of America lowered their price objective on Campbell’s from $26.00 to $23.00 and set an “underperform” rating on the stock in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Campbell’s from $28.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Wells Fargo & Company cut Campbell’s from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $28.00 to $20.00 in a research report on Thursday, March 12th. Weiss Ratings downgraded Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $26.00 price objective on shares of Campbell’s in a research report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $27.65.

Campbell’s Trading Up 5.0%

Shares of CPB stock opened at $21.99 on Friday. The stock has a market cap of $6.56 billion, a P/E ratio of 12.02 and a beta of -0.03. Campbell’s has a 1 year low of $20.62 and a 1 year high of $40.59. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 1.66. The stock has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $28.55.

Institutional Trading of Campbell’s

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its stake in shares of Campbell’s by 2.3% in the 4th quarter. Hsbc Holdings PLC now owns 250,246 shares of the company’s stock valued at $6,979,000 after acquiring an additional 5,726 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Campbell’s by 18.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,680 shares of the company’s stock valued at $186,000 after acquiring an additional 1,045 shares in the last quarter. Employees Provident Fund Board bought a new stake in Campbell’s during the 4th quarter worth $5,309,000. Alpine Global Management LLC bought a new stake in Campbell’s during the 4th quarter worth $259,000. Finally, Dean Capital Management increased its holdings in Campbell’s by 3.2% in the 4th quarter. Dean Capital Management now owns 47,973 shares of the company’s stock worth $1,337,000 after purchasing an additional 1,481 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles A. Brawley III sold 11,550 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the sale, the executive vice president owned 43,777 shares in the company, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.78% of the stock is currently owned by insiders.

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.56 annualized dividend and a yield of 7.1%. Campbell’s’s payout ratio is presently 85.25%.

More Campbell’s News

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Rising yield/valuation narrative could attract income/value buyers — a Yahoo piece highlights that shares have slid and the dividend yield has climbed, making CPB look cheaper on several valuation metrics; that dynamic can support short‑term buying and explain today’s uptick. Assessing Campbell’s (CPB) Valuation As Shares Slide And Dividend Yield Climbs
• Neutral Sentiment: Geopolitical/supply risks for staples — an article outlines how a Strait of Hormuz disruption could raise fertilizer and packing costs, which may lift food prices industry‑wide; for Campbell’s this is mixed — potential pricing power vs. higher input costs and volatility. Here Are 7 Ways the Strait of Hormuz Closure Is Affecting Consumer Staples Stocks
• Negative Sentiment: Multiple cuts from Zacks Research — Zacks lowered numerous quarterly and FY2026 EPS estimates (FY down to $2.21 from $2.46) and maintains a “Strong Sell” view, trimming Q3–Q4 2026 and several 2027–2028 quarterly forecasts. These estimate cuts increase downside risk and reflect concerns after the March quarterly miss, which could weigh on investor sentiment and future price performance.
• Negative Sentiment: Bearish coverage spotlighted — MSN labeled Campbell’s a “Bear of the Day,” reinforcing negative market narratives and potentially amplifying selling pressure among momentum or sentiment‑driven investors. Bear of the day: The Campbell’s company (CPB)

About Campbell’s

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.