NEW YORK (TheStreet) -- ConAgra Foods Inc. (CAG) is scheduled to release its fiscal 2015 second quarter earnings results before the market open on Thursday. Analysts are expecting the food company's earnings and revenue to decline year over year.
Shares of ConAgra Foods are higher by 0.41% to $36.70 in mid-morning trading on Wednesday.
For the most recent quarter ConAgra Foods, whose brands include Reddi Wip, Swiss Miss. Healthy Choice, and Orville Redenbacher's, is expected to earn 61 cents per share, on revenue of $4.20 billion.
For the fiscal 2014 second quarter ConAgra Foods posted adjusted earnings of 62 cents per share, on revenue of $4.71 billion.
Separately, TheStreet Ratings team rates CONAGRA FOODS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONAGRA FOODS INC (CAG) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."