Pinnacle Foods Earnings: Everything You Must Know Now

Pinnacle Foods (NYSE:PF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Pinnacle Foods Earnings Cheat Sheet

Revenue: Was the same at $613 million as the year-earlier quarter.

Actual vs. Wall St. Expectations: Pinnacle Foods reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.29. It missed the average revenue estimate of $615.17 million.

Quoting Management: Pinnacle Foods Chief Executive Officer Bob Gamgort stated, “We are pleased with our excellent start to the year. The significant growth in our earnings reflects the strength of our business model and provides us with the flexibility to invest in our business and respond, as needed, to potential heightened promotional activity.”

Key Stats (on next page)…

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from $0 to a profit $0.28. For the current year, the average estimate has moved up from $0 to a profit of $1.52 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)