Nomad Foods Ltd reports results for the quarter ended September 30 - Earnings Summary

• Nomad Foods Ltd NOMD.N reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of seven analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 47 cents to 53 cents per share.

• Revenue rose 0.8% to €769.60 million from a year ago; analysts expected €781.18 million.

• Nomad Foods Ltd's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $70.3 million.

• Nomad Foods Ltd shares had fallen by 14.7% this quarter and lost 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "buy"

Wall Street's median 12-month price target for Nomad Foods Ltd is $24.00

This summary was machine generated from LSEG data November 14 at 09:00 p.m. UTC. ​All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)