Nomad Foods Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-19

Nomad Foods (NYSE:NOMD) Third Quarter 2024 Results Key Financial Results Revenue: €769.6m (flat on 3Q 2023). Net income: €70.3m (down 9.4% from 3Q 2023). Profit margin: 9.1% (down from 10% in 3Q 2023...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.6%. Earnings per share  also missed analyst estimates by 9.0%.Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US.The company's shares are down 2.5% from a week ago.Following the latest earnings results, Nomad Foods may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NOMD":"Nomad Foods Limited"},"translate_title":"Nomad Foods 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOMD":1},"content_text":"Nomad Foods (NYSE:NOMD) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: €769.6m (flat on 3Q 2023).\nNet income: €70.3m (down 9.4% from 3Q 2023).\nProfit margin: 9.1% (down from 10% in 3Q 2023).\nEPS: €0.44 (down from €0.46 in 3Q 2023).\n\n\n\n\n  NYSE:NOMD Earnings and Revenue Growth November 18th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nNomad Foods Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 9.0%. \n Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US. \nPerformance of the American Food industry.\n The company's shares are down 2.5% from a week ago. \nValuation\n Following the latest earnings results, Nomad Foods may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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