Performance Food Group (PFGC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Wall Street anticipates flat earnings for Performance Food Group (PFGC) compared to the previous year, with a focus on revenue growth impacting stock price [1][3] Earnings Expectations - The upcoming earnings report is expected to show earnings of $1.16 per share, unchanged from the year-ago quarter, with revenues projected at $16.87 billion, reflecting a 9.4% increase [3] - A positive stock movement is likely if actual results exceed these expectations, while a miss could lead to a decline [2] Estimate Revisions - The consensus EPS estimate has been revised down by 1.5% over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Performance Food is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.58% [12] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading indicates a likely earnings beat, especially when combined with a Zacks Rank of 2 [10][12] - Historical performance shows that Performance Food has beaten consensus EPS estimates only once in the last four quarters, with a recent surprise of +6.90% [13][14] Conclusion - Performance Food is positioned as a strong candidate for an earnings beat, but investors should consider additional factors before making investment decisions [17]