In This Article:
Nomad Foods (NYSE:NOMD) Third Quarter 2024 Results
Key Financial Results
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Revenue: €769.6m (flat on 3Q 2023).
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Net income: €70.3m (down 9.4% from 3Q 2023).
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Profit margin: 9.1% (down from 10% in 3Q 2023).
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EPS: €0.44 (down from €0.46 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nomad Foods Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 9.0%.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 2.5% from a week ago.
Valuation
Following the latest earnings results, Nomad Foods may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.