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Exploring Analyst Estimates for Performance Food (PFGC) Q4 Earnings, Beyond Revenue and EPS
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Analysts on Wall Street project that Performance Food Group (PFGC - Free Report) will announce quarterly earnings of $1.62 per share in its forthcoming report, representing an increase of 4.5% year over year. Revenues are projected to reach $18.21 billion, increasing 7.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Performance Food metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Convenience' to come in at $6.89 billion. The estimate suggests a change of +7% year over year.
Based on the collective assessment of analysts, 'Revenue- Foodservice' should arrive at $9.86 billion. The estimate points to a change of +7.2% from the year-ago quarter.
Analysts forecast 'Revenue- Corporate & All Other' to reach $270.83 million. The estimate indicates a change of +5.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Specialty' should come in at $1.30 billion. The estimate indicates a change of +3.8% from the prior-year quarter.
Shares of Performance Food have demonstrated returns of +2.3% over the past month compared to the Zacks S&P 500 composite's +2.3% change. With a Zacks Rank #3 (Hold), PFGC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Exploring Analyst Estimates for Performance Food (PFGC) Q4 Earnings, Beyond Revenue and EPS
Analysts on Wall Street project that Performance Food Group (PFGC - Free Report) will announce quarterly earnings of $1.62 per share in its forthcoming report, representing an increase of 4.5% year over year. Revenues are projected to reach $18.21 billion, increasing 7.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Performance Food metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Convenience' to come in at $6.89 billion. The estimate suggests a change of +7% year over year.
Based on the collective assessment of analysts, 'Revenue- Foodservice' should arrive at $9.86 billion. The estimate points to a change of +7.2% from the year-ago quarter.
Analysts forecast 'Revenue- Corporate & All Other' to reach $270.83 million. The estimate indicates a change of +5.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Specialty' should come in at $1.30 billion. The estimate indicates a change of +3.8% from the prior-year quarter.
View all Key Company Metrics for Performance Food here>>>Shares of Performance Food have demonstrated returns of +2.3% over the past month compared to the Zacks S&P 500 composite's +2.3% change. With a Zacks Rank #3 (Hold), PFGC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .