Nomad Foods NOMD reported its Q1 earnings results on Wednesday, May 10, 2023 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Nomad Foods beat estimated earnings by 16.67%, reporting an EPS of $0.49 versus an estimate of $0.42.
Revenue was up $9.16 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 3.26% increase in the share price the next day.
Here's a look at Nomad Foods's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.36 | 0.43 | 0.44 | 0.40 |
EPS Actual | 0.34 | 0.52 | 0.43 | 0.48 |
Revenue Estimate | 781.54M | 760.96M | 700.26M | 774.30M |
Revenue Actual | 765.72M | 765.77M | 742.85M | 822.71M |
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 2023, expecting earnings between $1.63 and $1.66 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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