Performance Food Group Co expected to post earnings of 84 cents a share - Earnings Preview

Performance Food

06/05/2024 20:00

* Performance Food Group Co  PFGC.N   PFGC.K  is expected
to show
a rise in quarterly revenue when it reports  results on May 8
for the period ending March 31 2024
    * The Richmond Virginia-based  company is expected to report
a
3.0% increase in revenue to $14.188 billion from $13.77 billion
a year ago, according to the mean estimate from 12 analysts,
based on LSEG data.The company's guidance on February 7 2024,
for the period ended March 31, was for revenue between $14.00
billion and $14.30 billion.
    * ​LSEG's mean analyst estimate for Performance Food Group
Co is
for earnings of 84 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Performance
Food
Group Co is $84.00​, above​ its last closing price of $69.21.
​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD14 billion and USD330 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.93        0.92       0.90      Missed  -2
 Jan. 1 2023   1.11        1.10       1.15      Beat    5
 Jun. 30 2023  1.14        1.14       1.14      Met     -0.2​
 Mar. 31 2023  0.71        0.71       0.83      Beat    16.8
 ​​Jan.        0.76        0.75       0.83      Beat    10.3
 1 0001                                                 
 Sep. 30 2022  0.79        0.80       1.08      Beat    35.5​
 Jun. 30 2022  1.03        1.04       1.07      Beat    3.3
 Mar. 31 2022  0.52        0.51       0.51      Met     -0.9
 This summary was machine generated May 6 at 18:59 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)