Nomad Foods (NOMD) Q4 Earnings and Revenues Surpass Estimates

Core Insights - Nomad Foods reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.39 per share, and showing an increase from $0.34 per share a year ago, resulting in an earnings surprise of 15.38% [1] - The company achieved revenues of $846.39 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.71% and up from $819.22 million year-over-year [2] - Nomad Foods shares have increased approximately 12.6% since the beginning of the year, outperforming the S&P 500's gain of 1.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $815.29 million, and for the current fiscal year, it is $1.92 on revenues of $3.3 billion [7] - The estimate revisions trend for Nomad Foods is currently unfavorable, leading to a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Food - Miscellaneous industry, to which Nomad Foods belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [8] - General Mills, a competitor in the same industry, is expected to report a quarterly earnings decline of 18% year-over-year, with revenues projected at $4.98 billion, down 2.3% from the previous year [9][10]