Nomad Foods (NYSE:NOMD) reported its Q2 earnings results on Wednesday, August 10, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Nomad Foods missed estimated earnings by 2.27%, reporting an EPS of $0.43 versus an estimate of $0.44.

Revenue was up $25.14 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 7.37% increase in the share price the next day.

Here's a look at Nomad Foods's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Nomad Foods management provided guidance for FY 2022, expecting earnings between $1.76 and $1.82 per share.

To track all earnings releases for Nomad Foods visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.