US Foods Holding Corp reports results for the quarter ended in June - Earnings Summary

US Foods Holding

08/08/2024 15:21

* US Foods Holding Corp  USFD.N  reported quarterly adjusted
earnings of 93 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 79 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 93 cents
per share. Wall Street expected results to range from 88 cents
to 97 cents per share.
    * Revenue rose 7.7% to $9.71 billion from a year ago;
analysts
expected $9.62 billion. 
    * US Foods Holding Corp's reported EPS for the quarter was
80
cents​.
    * The company reported quarterly net income of $198 million.
    * US Foods Holding Corp shares had fallen by 3.5% this
quarter and
gained 12.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 2
"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 US Foods Holding
Corp is $64.00 
This summary was machine generated from LSEG data August 8 at
02:21 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      0.93           0.93           Met
 Mar. 31 2024      0.53           0.54           Beat
 Dec. 31 2023      0.67           0.64           Missed
 Sep. 30 2023      0.69           0.70           Beat