97/E+ via Getty Images Nomad Foods (NYSE:NOMD) 2Q24 results showed a positive inflection, with volumes growing for the first time in 3 years. The company's higher promotion spending and lower pricing is making an effect. Despite the lower prices, the company's gross margins increased substantially, most of which was spent in more A&P (30% up YoY). Overall, operating profits were flat. Nomad is very confident that the year will bring significant growth in the second half, with reconfirmed guidance implying g ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. In addition to ...

Core Viewpoint - Nomad Foods (NOMD) shares have shown a slight increase of 0.1% over the past four weeks, closing at $18.48, with analysts suggesting a potential upside based on price targets, indicating a mean estimate of $23.86, which represents a 29.1% upside potential [1] Price Targets - The average price target consists of seven short-term estimates ranging from a low of $21 to a high of $28, with a standard deviation of $2.27, indicating variability among analysts [2] - The lowest estimate suggests a 13.6% increase from the current price, while the highest estimate indicates a potential upside of 51.5% [2] Analyst Sentiment - There is strong agreement among analysts regarding NOMD's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - The Zacks Consensus Estimate for the current year has increased by 1.8% over the past month, with two estimates revised higher and no negative revisions [10] Zacks Rank - NOMD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside in the near term [11]

Core Viewpoint - Nomad Foods (NOMD) has shown an 8.8% increase in stock price over the past four weeks, with a mean price target of $23.86 indicating a potential upside of 27.3% from the current price of $18.75 [1] Price Targets - The average price target consists of seven estimates ranging from a low of $21 to a high of $28, with a standard deviation of $2.27, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 12% increase, while the highest suggests a 49.3% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have shown increasing optimism about NOMD's earnings prospects, with a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [9] - Over the last 30 days, two earnings estimates have been revised upward, leading to a 1.8% increase in the Zacks Consensus Estimate [10] Zacks Rank - NOMD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks ...

Core Viewpoint - The sustainability of a stock trend is crucial for successful short-term investing, and various factors must be considered to maintain momentum in stock prices [1][2]. Group 1: Stock Performance - Nomad Foods (NOMD) has shown a solid price increase of 3.2% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, NOMD's price increased by 12.9%, suggesting that the upward trend is still intact [5]. - Currently, NOMD is trading at 81.7% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - NOMD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like NOMD that have sufficient fundamental strength to maintain their upward trend [3][8]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, which may present further investment opportunities [8].

Nomad Foods | --- | --- | --- | --- | --- | |-------|-------|-------|-------|---------------------| | | | | | | | | | | | SECOND QUARTER 2024 | | | | | | | | | | | | Earnings | | | | | | Results | | | | | | August 7, 2024 | | | | | | | | | | | | | | | | | | | Disclaimer This Presentation has been prepared and issued by Nomad Foods Limited (the "Company"). This Presentation has been provided solely for information and background. The information in this Presentation is provided as at the date of the Presenta ...

Nomad Foods (NOMD) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this frozen foods company would post earnings of $0.41 per share when it actually produced earnings of $0.40, delivering a surprise of -2.44%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Nomad Foods, which ...

Core Viewpoint - Nomad Foods Limited reported a revenue growth of 1.1% for Q2 2024, with an adjusted EPS of €0.44, and reiterated its full-year financial guidance for 2024 [1][2][5]. Financial Performance - Revenue for Q2 2024 increased to €753 million, with organic revenue growth of 0.5% driven by a volume increase of 1.6%, a significant improvement from a decline of 2.2% in Q1 2024 [3][34]. - Adjusted EBITDA rose by 5.3% to €139 million, while adjusted profit for the period increased by 5% to €72 million, resulting in an adjusted EPS increase of €0.04 to €0.44 [3][4]. - Gross profit for Q2 2024 increased by 10.8% to €233 million, with a gross margin improvement of 270 basis points to 30.9% due to a favorable product mix and productivity initiatives [3][4]. Guidance and Outlook - The company maintains its full-year 2024 guidance, expecting organic revenue growth of 3%-4%, adjusted EBITDA growth of 4%-6%, and adjusted EPS of €1.75-€1.80, indicating a growth of 9-12% [2][5]. - Management expressed confidence in achieving profitable volume growth acceleration in the second half of 2024, supported by an improving European consumer backdrop and strong category fundamentals [2][5]. Operational Highlights - Adjusted operating expenses increased by 15.4% to €117 million, attributed to planned increases in advertising and promotional investments and ongoing capability development [3][4]. - The company reported a cash flow conversion rate expected to be between 90% to 95% for the full year [5]. Market Position - Nomad Foods is recognized as Europe's leading frozen food company, with a portfolio of iconic brands including Birds Eye, Findus, iglo, Ledo, and Frikom [7].

About Nomad Foods Enquiries Investor Relations Contact Jason English [email protected] This press release contains "forward-looking" statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the payment of quarterly cash dividends in the future. These statements are based on management's estimates and assumptions with respect to future events, and are believed to be reasonable, though are inherentl ...