Performance Food Group (PFGC) Lags Q2 Earnings Estimates

Group 1: Earnings Performance - Performance Food Group (PFGC) reported quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.03 per share, but showing an increase from $0.90 per share a year ago, resulting in an earnings surprise of -4.85% [1] - Over the last four quarters, the company has surpassed consensus EPS estimates only once, with revenues of $15.64 billion for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.78% compared to $14.3 billion a year ago [2] Group 2: Stock Performance and Outlook - Performance Food shares have increased approximately 7.2% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Group 3: Estimate Revisions and Industry Ranking - The estimate revisions trend for Performance Food is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $15.24 billion, and for the current fiscal year, it is $4.74 on revenues of $62.87 billion [7] - The Food - Natural Foods Products industry is ranked in the top 21% of over 250 Zacks industries, suggesting that stocks in the top 50% of Zacks-ranked industries outperform those in the bottom 50% by more than 2 to 1 [8]