Is Nomad Foods Limited (NOMD) Stock Outpacing Its Consumer Staples Peers This Year?
Here is how Nomad Foods (NOMD) and New York Times Co. (NYT) have performed compared to their sector so far this year.
Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 26.35%: Read This Before Placing a Bet
The mean of analysts' price targets for Nomad Foods (NOMD) points to a 26.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Nomad Is Preparing For A Good H2 2024 With Volume Recovery, And The Stock Is A Buy
Nomad Foods' 2Q24 results show a positive inflection with volumes growing 1.6%, marking the first increase in three years due to strategic pricing and promotions. Despite lower prices, gross margins rose 270 bps, with gross profits up 10%, primarily reinvested in A&P, leading to flat operating profits. Management is confident in achieving 5% growth in 2H24, with most orders already contracted, ensuring lower risks and strong revenue visibility.
Nomad Foods (NOMD) is on the Move, Here's Why the Trend Could be Sustainable
Nomad Foods (NOMD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Should Value Investors Buy Nomad Foods Limited (NOMD) Stock?
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.
Wall Street Analysts See a 29.11% Upside in Nomad Foods (NOMD): Can the Stock Really Move This High?
The consensus price target hints at a 29.1% 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: A Stable Player Overlooked By The Market
Nomad Foods is a leading European frozen food company with a 16% market share and strong financial health. The company's growth strategy includes organic and inorganic methods, with a focus on acquisitions to expand its market reach. Nomad Foods is undervalued by the market, with potential for growth through capital allocation, dividend payments, and share buybacks. Therefore, my recommendation is "BUY".
Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 27.25%: Read This Before Placing a Bet
The mean of analysts' price targets for Nomad Foods (NOMD) points to a 27.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Are Investors Undervaluing Nomad Foods Limited (NOMD) Right Now?
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) is on the Move, Here's Why the Trend Could be Sustainable
Nomad Foods (NOMD) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Nomad Foods Limited (NOMD) Q2 2024 Earnings Call Transcript
Nomad Foods Limited (NYSE:NOMD ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Jason English - Interim Head of Investor Relations Stéfan Descheemaeker - Chief Executive Officer Ruben Baldew - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Rob Dickinson - Jefferies John Baumgartner – Mizuho Securities Steve Powers - Deutsche Bank Jon Tanwanteng - CJS Securities Peter Saleh - BTIG Operator Good day, ladies and gentlemen, and welcome to Nomad Foods' Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Nomad Foods (NOMD) Meets Q2 Earnings Estimates
Nomad Foods (NOMD) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.
