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Nomad Foods NOMD reported its Q2 earnings results on Wednesday, August 10, 2022 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Nomad Foods missed estimated earnings by 2.27%, reporting an EPS of $0.43 versus an estimate of $0.44.
Revenue was up $25.14 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 7.37% increase in the share price the next day.
Here’s a look at Nomad Foods’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.36 | 0.35 | 0.38 |
| EPS Actual | 0.48 | 0.38 | 0.41 | 0.48 |
| Revenue Estimate | 774.30M | 800.53M | 691.69M | 708.38M |
| Revenue Actual | 822.71M | 805.24M | 706.81M | 717.70M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Nomad Foods management provided guidance for FY 2022, expecting earnings between $1.76 and $1.82 per share.
To track all earnings releases for Nomad Foods visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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