Yes, Consumer Staples are boring but nothing is boring about making money.
The consensus price target hints at a 25% upside potential for Nomad Foods (NOMD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Nomad Foods, Hawkins and PCB Bancorp were chosen as momentum picks under the Driehaus strategy.
Nomad Foods (NOMD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Nomad Foods (NOMD) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Nomad Foods (NOMD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Nomad Foods was initially rated a buy due to its attractive valuation, consistent cash flow, and strong brand portfolio. Since the initial review, shares have risen by almost 20%, and recent financial data shows the stock remains attractive. Despite high debt and competition from private labels, Q4 and FY24 results showed stabilizing and positive volume trends, justifying market optimism.
Nomad Foods Limited reported strong Q4 2024 results with 3.1% organic sales growth, driven by volume expansion, marking its best quarter of the year. Despite solid performance, management's 2025 guidance remains muted, with only 1%-3% organic growth expected, and continued reliance on promotions to drive share. Valuation is not attractive, trading at 13–14x GAAP earnings, with limited growth prospects and no clear catalyst for multiple expansion.
Nomad Foods (NOMD) is a stock that rallied on a day full of red arrows. The company distributes frozen foods across the U.K. and the world.
Nomad Foods Limited (NYSE:NOMD ) Q4 2024 Earnings Conference Call March 3, 2025 8:30 AM ET Company Participants Jason English - Head of IR Stefan Descheemaeker - CEO Ruben Baldew - CFO Conference Call Participants Andrew Lazar - Barclays Steve Powers - Deutsche Bank Rob Dickerson - Jefferies John Baumgartner - Mizuho Jon Tanwanteng - CJS Securities Peter Saleh - BTIG Operator Good day, ladies and gentlemen. And welcome to Nomad Foods Fourth Quarter 2024 Earnings Conference Call.