For the latest quarter, Wall Street is anticipating earnings of 80 cents a share on revenue of $2.2 billion.
A year ago, the company earned 66 cents a share on revenue of $2.23 billion.
Earnings catalysts include cost-cutting initiatives and implementation of its portfolio reorganization, Zacks Equity Research analysts said.
However, one headwind is currency exchange, which will likely impact sales.
Shares are dropping 1.18% to $60.18 on Wednesday.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CPB