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

Performance Food

14/08/2024 14:53

* Performance Food Group Co  PFGC.N  reported quarterly
adjusted
earnings of $1.45​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.14.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.37 per
share. Wall Street expected results to range from $1.30 
to $1.50 per share.
    * Revenue rose 2.2% to $15.19 billion from a year ago;
analysts
expected $15.27 billion. 
    * Performance Food Group Co's reported EPS for the quarter
was
$1.07​.
    * The company reported quarterly net income of $166.5
million.
    * Performance Food Group Co shares had risen by 1.5% this
quarter and lost 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 $82.00 
This summary was machine generated from LSEG data August 14 at
01:53 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
 Jun. 30 2024      1.37           1.45           Beat
 Mar. 31 2024      0.84           0.80           Missed
 Dec. 31 2023      0.92           0.90           Missed
 Sep. 30 2023      1.10           1.15           Beat