Nomad Foods Limited (NYSE:NOMD) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, NOMD is expected to report 3Q20 income of $ 0.32 per share from revenue of $ 673.27 million.
For the full year, analysts anticipate top line of $ 2909.17 million, while looking forward to income of $ 1.54 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.37 ~ $ 1.40 per share
Click Here For More Historical Outlooks Of Nomad Foods Limited
Previous Quarter Performance
Nomad Foods Limited revealed income for the second quarter of $ 0.37 per share, from the revenue of $ 659.68 million. The quarterly earnings 23.33 percent while revenues grew 9.52 percent compared with the same quarter last year.
Wall street analysts are predicting, NOMD to report 2Q20 income of $ 0.35 per share from revenue of $ 704.45 million. The bottom line results beat street analysts by $ 0.02 or 5.71 percent, at the same time, top line results fell short of analysts by $ 44.77 million or 6.36 percent.
Stock Performance
Shares of Nomad Foods Limited traded up $ 0.21 or 0.83 percent on Wednesday, reaching $ 25.64 with volume of 1.03 million shares. Nomad Foods Limited has traded high as $ 25.98 and has cracked $ 25.36 on the downward trend
The closing price of $ 25.64, representing a 80.61 % increase from the 52 week low of $ 14.08 and a 3.71 % decrease over the 52 week high of $ 26.41.
The company has a market capital of $ 5.04 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Conference Call
Nomad Foods Limited will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nomadfoods.com
Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.
