Will stock surge before Earnings results? Performance Food Group (NYSE:PFGC)

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Earnings results for Performance Food Group (NYSE:PFGC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.01 and remained the same over the past month at -0.01. none raised and none lowered their forecast. For the fiscal year ending Jun 2020 , the consensus EPS* forecast has remained the same over the past week at 1.72 and remained the same over the past month at 1.72 . none raised and none lowered their forecast.

Performance Food Group last issued its quarterly earnings results on May 4th, 2020. The food distribution company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.36. The business earned $7 billion during the quarter, compared to analyst estimates of $6.99 billion. Its revenue for the quarter was up 49.3% on a year-over-year basis. Performance Food Group has generated $1.85 earnings per share over the last year and currently has a price-to-earnings ratio of 35.4. Performance Food Group has confirmed that its next quarterly earnings report will be published on Wednesday, August 12th, 2020.

Analyst Opinion on Performance Food Group (NYSE:PFGC)

9 Wall Street analysts have issued ratings and price targets for Performance Food Group in the last 12 months. Their average twelve-month price target is $43.22, suggesting that the stock has a possible upside of 24.52%. The high price target for PFGC is $62.00 and the low price target for PFGC is $29.00. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Performance Food Group has received a consensus rating of Buy. The company’s average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $43.22, Performance Food Group has a potential upside of 24.5% from its current price of $34.71. Performance Food Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Performance Food Group (NYSE:PFGC)

Performance Food Group does not currently pay a dividend. Performance Food Group does not have a long track record of dividend growth.

Insiders buying/selling: Performance Food Group (NYSE:PFGC)

In the past three months, Performance Food Group insiders have not sold or bought any company stock. Only 3.40% of the stock of Performance Food Group is held by insiders. 85.87% of the stock of Performance Food Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Performance Food Group (NYSE:PFGC

Earnings for Performance Food Group are expected to decrease by -31.40% in the coming year, from $1.72 to $1.18 per share. The P/E ratio of Performance Food Group is 35.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.09. The P/E ratio of Performance Food Group is 35.42, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.04. Performance Food Group has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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