US Foods Holding Corp. (NYSE:USFD) is set to announce third quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, USFD to report 3Q20 income of $ 0.17 per share.
For the full year, analysts anticipate top line of $ 23391.50 million, while looking forward to income of $ 0.42 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.70 ~ $ 2.80 per share
Click Here For More Historical Outlooks Of US Foods Holding Corp.
Previous Quarter Performance
US Foods Holding Corp. posted loss for the second quarter of $ 0.25 per share, from the revenue of $ 4,560.00 million. The quarterly revenues decreased 29.23 percent compared with the same quarter last year. Street analysts expected US Foods Holding Corp. to report loss of $ 0.35 per share on revenue of $ 4232.73 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 28.57 percent, at the same time, top line results outshined analysts by $ 327.27 million or 7.73 percent.
Stock Performance
On Friday, shares of US Foods Holding Corp. has traded high as $ 21.58 and has cracked $ 20.59 on the downward trend, reaching $ 20.90 with volume of 3.36 million shares.
According to the previous trading day, closing price of $ 20.90, representing a 154.69 % increase from the 52 week low of $ 8.32 and a 50.06 % decrease over the 52 week high of $ 42.43.
The company has a market capital of $ 4.61 billion and is part of the Consumer Defensive sector and Food Distribution industry.
Recent Analyst recommendations
- On 29th September 2020, initiated by Morgan Stanley at Equal-Weight rating.
- On 23rd September 2020, initiated by Wolfe Research at Outperform rating, with $ 28.00 target price.
- On 21st September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 31.00 target price.
Conference Call
US Foods Holding Corp. will be hosting a conference call at 10:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.usfoods.com
US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company was formerly known as USF Holding Corp.
