Nomad Foods Limited reports results for the quarter ended September 30 - Earnings Summary

• Nomad Foods Limited reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of five analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 44 cents to 49 cents per share.

• Revenue rose 2.3% to €770.00 million from a year ago; analysts expected €762.02 million.

• Nomad Foods Limited's reported EPS for the quarter was 47 cents​.

• The company reported quarterly net income of €66.6 million.

• Nomad Foods Limited shares had risen by 18.6% this quarter and lost 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."

• Wall Street's median 12-month price target for Nomad Foods Limited is $14.00, about 12.5% above its last closing price of $12.25

This summary was machine generated from LSEG data November 4 at 02:31 p.m. UTC. ​All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)