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

• US Foods Holding Corp USFD.N reported quarterly adjusted earnings of $1.19​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $1.13 per share. Wall Street expected results to range from $1.04 to $1.15 per share.

• Revenue rose 3.8% to $10.08 billion from a year ago; analysts expected $10.18 billion.

• US Foods Holding Corp's reported EPS for the quarter was 96 cents​.

• The company reported quarterly net income of $224 million.

• US Foods Holding Corp shares had risen by 10.0% this quarter and gained 25.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 2 "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 $89.00, about 4.9% above its last closing price of $84.68

This summary was machine generated from LSEG data August 7 at 04:36 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)