• Nomad Foods Ltd NOMD.N reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of six analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 31 cents to 37 cents per share.

• Revenue fell 3% to €760.10 million from a year ago; analysts expected €767.12 million.

• Nomad Foods Ltd's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of €32.7 million.

• Nomad Foods Ltd shares had fallen by 2.6% this quarter and gained 14.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.2% 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 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Nomad Foods Ltd is $25.00

This summary was machine generated from LSEG data May 8 at 01:30 p.m. UTC. ​All figures in euros 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)