Nomad Foods (NOMD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The mean of analysts' price targets for Nomad Foods (NOMD) points to a 37.2% 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.
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.
NOMD bets on fish innovation and brand revamps to counter falling revenue, volume and organic sales trends.
NOMD takes gradual pricing steps to counter protein cost inflation, as margin pressure begins to emerge.
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.
NOMD's low valuation, rising innovation and strong European category gains hint at a timely value opportunity.
Nomad Foods leverages the growing trends in savory frozen foods to command a strong leadership position.
NOMD lifts gross margins despite soft sales, betting big on bold frozen food innovations to fuel its growth strategy.
Nomad Foods trades at a cheap forward P/E of 8.4x and forward EV/EBITDA of 7.3x, significantly below peer averages, implying a potential 48% upside to a $26.5 target price. The company offers a 3.86% forward dividend yield, above the sector median, supported by a moderate 35.3% payout ratio and ongoing share buybacks enhancing shareholder returns. Nomad leads the €11 billion Western European frozen food market with iconic brands like Birds Eye and Iglo, operating in 22 countries, focusing on brand investment for long-term growth.
With recession fears rising, low-beta consumer staples like PM, NOMD and ZVIA stand out with strong earnings growth and favorable Zacks Rank.
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.