Q3 Earnings Forecast for Campbell’s Issued By Zacks Research

The Campbell’s Company (NASDAQ:CPB) – Zacks Research cut their Q3 2026 EPS estimates for Campbell’s in a research report issued on Wednesday, March 25th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.49 per share 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 posted its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). The firm had revenue of $2.56 billion during the quarter. Campbell’s had a return on equity of 19.96% and a net margin of 5.48%.The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS.

CPB has been the topic of several other reports. Stifel Nicolaus reduced their target price on Campbell’s from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. TD Cowen lowered their price target on Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft cut their price objective on Campbell’s from $28.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Bank of America decreased their price objective on Campbell’s from $26.00 to $23.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada lowered their target price on Campbell’s from $30.00 to $26.00 and set a “sector perform” rating for the company in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $27.65.

Campbell’s Price Performance

CPB opened at $21.99 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. Campbell’s has a 12 month low of $20.62 and a 12 month high of $40.59. The company has a fifty day simple moving average of $25.69 and a 200 day simple moving average of $28.58. The stock has a market cap of $6.56 billion, a P/E ratio of 12.02 and a beta of -0.03.

Hedge Funds Weigh In On Campbell’s

Several hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after purchasing an additional 149,679 shares during the last quarter. Invesco Ltd. increased its stake in Campbell’s by 21.6% in the 4th quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock valued at $270,880,000 after buying an additional 1,723,676 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Campbell’s by 26.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,305,417 shares of the company’s stock worth $231,477,000 after buying an additional 1,758,460 shares in the last quarter. Two Sigma Investments LP lifted its position in Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after buying an additional 4,159,398 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Campbell’s by 175.7% during the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after buying an additional 2,377,488 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Insider Transactions at Campbell’s

In other news, EVP Anthony Sanzio sold 2,700 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $26.51, for a total transaction of $71,577.00. Following the completion of the transaction, the executive vice president directly owned 25,264 shares of the company’s stock, valued at $669,748.64. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles A. Brawley III sold 11,550 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total value of $325,017.00. Following the transaction, the executive vice president owned 43,777 shares of the company’s stock, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 19.78% of the company’s stock.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Thursday, April 2nd. Campbell’s’s payout ratio is 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.