Nomad Foods Q4 Adj. EPS $0.344 Beats $0.34 Estimate, Sales $818.92M Miss $834.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nomad Foods (NYSE:NOMD) reported Q4 adjusted EPS of $0.344, slightly beating the $0.34 estimate, but missed sales estimates with $818.92M against the expected $834.19M. Year-over-year, earnings remained stable while sales saw a 6.95% increase.
February 29, 2024 | 11:47 am
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Nomad Foods reported a slight beat on Q4 adjusted EPS estimates but missed on sales forecasts, with a year-over-year sales increase of 6.95%.
The slight beat in EPS might be viewed positively by investors, indicating efficient operations. However, the miss on sales forecasts could raise concerns about growth prospects, potentially balancing out the positive EPS impact. The year-over-year sales growth indicates resilience, but the miss on expectations could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100