Over the last few weeks, I have come across a number of companies in the consumer staples sector that have extremely bearish sentiment indicators at this time. I came across the companies because the companies were reporting earnings. The latest one to get my attention is Campbell Soup Company (CPB).Campbell is set to report fiscal fourth-quarter results and full-year 2020 results on Thursday morning.

Analysts expect Campbell to earn $0.60 per share for the quarter and that is a 20% increase over the $0.50 per share the company earned in Q4 2019. Revenue is expected to come in at $2.03 billion and that is only slightly above the $2.02 billion in revenue for the same period of last year.

With the current health crisis that is ongoing, seeing that earnings are expected to increase isn’t a big surprise. I am surprised that revenue isn’t expected to jump as well. Campbell did see earnings jump by 57% in the third quarter and revenue jumped by 15% as consumers were forced to stay home and eat at home more.

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