US Foods Holding Corp reports results for the quarter ended March 31 - Earnings Summary

• US Foods Holding Corp USFD.N reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 63 cents to 76 cents per share.

• Revenue rose 4.5% to $9.35 billion from a year ago; analysts expected $9.38 billion.

• US Foods Holding Corp's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $115 million.

• US Foods Holding Corp shares had risen by 5.6% this quarter and gained 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.​

• In the last 30 days, six 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 1 "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 $80.50

This summary was machine generated from LSEG data May 8 at 02:30 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)