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

US Foods Holding

09/05/2024 19:08

* US Foods Holding Corp  USFD.N  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 50 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 53 cents
per share. Wall Street expected results to range from 50 cents
to 56 cents per share.
    * Revenue rose 4.8% to $8.95 billion from a year ago;
analysts
expected $8.91 billion. 
    * US Foods Holding Corp's reported EPS for the quarter was
33
cents​.
    * The company reported quarterly net income of $82 million.
    * US Foods Holding Corp shares had fallen by 2.9% this
quarter and
gained 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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 $59.00 
This summary was machine generated from LSEG data May 9 at 06:08
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
 Mar. 31 2024      0.53           0.54           Beat
 Dec. 31 2023      0.67           0.64           Missed
 Sep. 30 2023      0.69           0.70           Beat
 Jun. 30 2023      0.76           0.79           Beat