Performance Food Group Co reports results for the quarter ended in December - Earnings Summary

Performance Food

07/02/2024 14:37

* Performance Food Group Co  PFGC.N  reported quarterly
adjusted
earnings of 90 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 83 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 92 cents
per share. Wall Street expected results to range from 86 cents
to 98 cents per share.
    * Revenue rose 2.9% to $14.30 billion from a year ago;
analysts
expected $14.28 billion. 
    * Performance Food Group Co's reported EPS for the quarter
was 50
cents​.
    * The company reported quarterly net income of $78.3
million.
    * Performance Food Group Co shares had risen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food retail &
distribution peer group is also "buy"

Wall Street's median 12-month price target for Performance Food
Group Co is $78.00 
This summary was machine generated from LSEG data February 7 at
02:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.92           0.90           Missed
 Sep. 30 2023      1.10           1.15           Beat
 Jun. 30 2023      1.14           1.14           Met
 Mar. 31 2023      0.71           0.83           Beat