US Foods Hldg USFD reported its Q1 earnings results on Thursday, May 11, 2023 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
US Foods Hldg beat estimated earnings by 19.05%, reporting an EPS of $0.5 versus an estimate of $0.42.
Revenue was up $744.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 3.47% increase in the share price the next day.
Here's a look at US Foods Hldg's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.53 | 0.61 | 0.62 | 0.66 |
EPS Actual | 0.55 | 0.60 | 0.67 | 0.36 |
Revenue Estimate | 8.53B | 8.75B | 8.74B | 8.59B |
Revenue Actual | 8.52B | 8.92B | 8.83B | 7.80B |
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
US Foods Hldg management provided guidance for FY 2023, expecting earnings between $2.45 and $2.65 per share.
To track all earnings releases for US Foods Hldg 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.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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