US Foods Holding Corp reports results for the quarter ended in September 30 - Earnings Summary

US Foods Holding

07/11/2024 14:42

* US Foods Holding Corp  USFD.N  reported quarterly adjusted
earnings of 85 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 70 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 83 cents
per share. Wall Street expected results to range from 79 cents
to 86 cents per share.
    * Revenue rose 6.8% to $9.73 billion from a year ago;
analysts
expected $9.72 billion. 
    * US Foods Holding Corp's reported EPS for the quarter was
61
cents​.
    * The company reported quarterly net income of $148 million.
    * US Foods Holding Corp shares had risen by 7.0% this
quarter and
gained 44.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 14 "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 US Foods Holding
Corp is $68.50 
This summary was machine generated from LSEG data November 7 at
02:41 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
 Sep. 30 2024      0.83           0.85           Beat
 Jun. 30 2024      0.93           0.54           Missed
 Mar. 31 2024      0.53           0.54           Beat
 Dec. 31 2023      0.67           0.64           Missed