Largest frozen food producer in Europe ranked in the top twenty percentile (globally) The company also received a maximum score of 100 in Health & Nutrition for the sixth consecutive year WOKING, England, Dec. 23, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), Europe's leading frozen food company, has today announced that it has been included in the annual Dow Jones Sustainability Europe Index (DJSI Europe) for the fourth consecutive year. The frozen food manufacturer received a score of 58 out of 1 ...

Core Insights - Nomad Foods (NYSE: NOMD) is a consumer staples company that has gained prominence as the second-largest frozen food company since its founding in 2014 as a SPAC [1] Group 1: Company Overview - Nomad Foods has acquired several frozen food brands, enhancing its market position in the frozen food sector [1] - The company is often overlooked compared to larger peers in the consumer staples industry [1] Group 2: Investment Perspective - Philipp, a seasoned value investor with nearly 20 years of experience, focuses on identifying undervalued companies with significant margins of safety [1] - The investor is particularly interested in companies with solid earnings trading at less than 8 times free cash flow, indicating a potential for attractive dividend yields and returns [1]

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 ...