Nomad Foods: Q2 Earnings Insights

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.

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.

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).

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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