Nomad Foods Q1 2024 Adj EPS $0.40 Beats $0.37 Estimate, Sales $851.142M Beat $788.175M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nomad Foods reported Q1 2024 adjusted EPS of $0.40, surpassing the $0.37 estimate, with sales of $851.142M exceeding the $788.175M forecast. This represents a 2.32% increase in sales compared to the same period last year.
May 09, 2024 | 10:52 am
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POSITIVE IMPACT
Nomad Foods exceeded Q1 2024 earnings and sales estimates, with a 2.32% increase in sales year-over-year.
Beating both earnings and sales estimates typically leads to positive investor sentiment, potentially driving the stock price up in the short term. The reported year-over-year sales growth further strengthens the company's financial position, making it an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100