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

Reuters
2024-11-07
US Foods Holding Corp reports results for the quarter ended in September 30 - Earnings Summary
  • 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

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