Deutsche Bank analysts provided a preview of Conagra Brands, Inc.(NYSE:CAG) upcoming Q4 earnings, expected to be reported on July 14.

According to the analysts, the backdrop is clouded by lingering inflation and worsening macroeconomic factors. However, the analysts noted that similar to other food peers, tracked channel consumption remains elevated at a 3-year CAGR of 5.7% (vs. 5.6% in Q3).

As such, the analysts believe the company should be positioned to at least achieve its implied organic growth guidance of approximately 7%.

The analysts kept their EPS estimate unchanged at $0.65, compared to the implied Q4 guidance of approximately $0.64 and Street estimate of $0.63.