Nomad Foods(NOMD)

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Nomad Foods (NOMD) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKSยท 2024-09-19 13:50
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]
Is Nomad Foods Limited (NOMD) Stock Outpacing Its Consumer Staples Peers This Year?
ZACKSยท 2024-09-17 14:46
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 ...
Nomad Is Preparing For A Good H2 2024 With Volume Recovery, And The Stock Is A Buy
Seeking Alphaยท 2024-09-13 08:57
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 ...
Should Value Investors Buy Nomad Foods Limited (NOMD) Stock?
ZACKSยท 2024-09-02 14:46
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 ...
Wall Street Analysts See a 29.11% Upside in Nomad Foods (NOMD): Can the Stock Really Move This High?
ZACKSยท 2024-08-28 14:57
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]
Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 27.25%: Read This Before Placing a Bet
ZACKSยท 2024-08-12 14:55
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]
Are Investors Undervaluing Nomad Foods Limited (NOMD) Right Now?
ZACKSยท 2024-08-09 14:46
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 ...
Nomad Foods (NOMD) is on the Move, Here's Why the Trend Could be Sustainable
ZACKSยท 2024-08-09 13:50
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(NOMD) - 2024 Q2 - Earnings Call Presentation
2024-08-07 14:54
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) Meets Q2 Earnings Estimates
ZACKSยท 2024-08-07 12:57
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 ...