Nomad Foods (NOMD) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this frozen foods company would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise.Over the last four quarters, the company h ...

Balanced growth strategy delivers volume & value gainsRevenue growth of +0.8% with Adjusted EPS +28% YoY to €0.55Full year 2024 guidance reduced following a temporary ERP disruptionWOKING, England, Nov. 14, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and nine month periods ended September 30, 2024.  Key operating highlights and financial performance for the third quarter 2024, when compared to the third quarter 2023, include: Reported revenue increas ...

The market expects Nomad Foods (NOMD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 14, 2024, might help the stock move higher if these key number ...

WOKING, England, Oct. 31, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced it will report results for the third quarter ended September 30, 2024 before New York Stock Exchange market open on Thursday, November 14, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, November 14, 2024. To participate on the live ...

Nomad Foods (NOMD) closed the last trading session at $19.28, gaining 2.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $24.17 indicates a 25.4% upside potential. The average comprises six short-term price targets ranging from a low of $21 to a high of $28, with a standard deviation of $2.32. While the lowest estimate indicates an increase of 8.9% from the current price level, t ...

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum. Group 1: Price Movement and Trends - The direction of a stock's price can reverse quickly, leading to potential short-term capital losses for investors [2] - A predefined screening strategy, "Recent Price Strength," helps identify stocks with sufficient fundamental strength to sustain their upward trends [3] - Nomad Foods (NOMD) has shown a solid price increase of 18.5% over 12 weeks, indicating investor confidence in its potential upside [4] - NOMD has also increased by 7.2% over the past four weeks, suggesting that the upward trend is still intact [5] - Currently, NOMD is trading at 93.7% 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 Zacks Rank system has a strong track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7] - NOMD has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Opportunities - In addition to NOMD, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8] - The article encourages investors to explore over 45 Zacks Premium Screens tailored to different investing styles for potential stock picks [8]

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Nomad Foods (NOMD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Nomad Foods is a member of the Consumer Staples sector. This group includes 184 individual stocks and currently holds a Zacks Sector ...

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]