Performance Food Group Company (NYSE:PFGC) is set to announce first quarter earning results on Wednesday 4th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PFGC to report 1Q21 income of $ 0.14 per share.
For the full year, analysts anticipate top line of $ 28471.00 million, while looking forward to income of $ 1.13 per share bottom line.
Previous Quarter Performance
Performance Food Group Company reported loss for the fourth quarter of $ 0.86 per share, from the revenue of $ 5,774.00 million. The quarterly revenues contracted 2.12 percent compared with the same quarter last year. According to street consensus, PFGC was expected to report 4Q20 loss of $ 0.25 per share from revenue of $ 5426.20 million. The bottom line results missed street analysts by $ 0.61 or 244 percent, at the same time, top line results outshined analysts by $ 347.80 million or 6.41 percent.
Stock Performance
Shares of Performance Food Group Company traded up $ 2.28 or 6.50 percent on Tuesday, reaching $ 37.34 with volume of 1.72 million shares. Performance Food Group Company has traded high as $ 37.56 and has cracked $ 35.01 on the downward trend
According to the previous trading day, closing price of $ 37.34, representing a 373.14 % increase from the 52 week low of $ 7.41 and a 35.66 % decrease over the 52 week high of $ 54.49.
The company has a market capital of $ 4.99 billion and is part of the Consumer Defensive sector and Food Distribution industry.
Recent Analyst recommendations
- On 29th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 45.00 target price.
- On 23rd September 2020, initiated by Wolfe Research at Outperform rating, with $ 43.00 target price.
- On 21st September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 47.00 target price.
Conference Call
Performance Food Group Company will be hosting a conference call at 9:00 AM eastern time on 4th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pfgc.com
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
