Nomad Foods Limited (NOMD)

Nomad Foods Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Nomad Foods stock have an average target of 22.67, with a low estimate of 21 and a high estimate of 24. The average target predicts an increase of 36.90% from the current stock price of 16.56.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$21	$22.67	$23	$24
Change	+26.81%	+36.90%	+38.89%	+44.93%

Analyst Ratings

The average analyst rating for Nomad Foods stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	2	3	3	3	2	1
Buy	1	1	1	1	1	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	4	4	4	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Baumgartner Mizuho	Mizuho	Buy Maintains $28 → $24	Buy	Maintains	$28 → $24	+44.93%	Dec 18, 2024
Steve Powers Deutsche Bank	Deutsche Bank	Strong Buy Maintains $25 → $23	Strong Buy	Maintains	$25 → $23	+38.89%	Nov 4, 2024
Steve Powers Deutsche Bank	Deutsche Bank	Strong Buy Maintains $23 → $24	Strong Buy	Maintains	$23 → $24	+44.93%	Aug 8, 2024
Lauren Lieberman Barclays	Barclays	Buy Maintains $22 → $21	Buy	Maintains	$22 → $21	+26.81%	Jul 19, 2024
John Baumgartner Mizuho	Mizuho	Strong Buy Maintains $26 → $28	Strong Buy	Maintains	$26 → $28	+69.08%	May 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.17B

Increased by 4.19%

from 3.04B

Revenue Next Year

3.27B

Increased by 3.15%

from 3.17B

EPS This Year

1.78

Increased by 57.25%

from 1.13

EPS Next Year

1.93

Increased by 8.52%

from 1.78

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.32B	2.52B	2.61B	2.94B	3.04B	3.17B	3.27B	3.35B
Revenue Growth	6.97%	8.24%	3.61%	12.78%	3.56%	4.19%	3.15%	2.51%
EPS	0.78	1.14	1.02	1.43	1.13	1.78	1.93	2.07
EPS Growth	-19.59%	46.15%	-10.84%	40.69%	-21.00%	57.25%	8.52%	7.58%
Forward PE	-	-	-	-	-	8.94	8.24	7.66
No. Analysts	-	-	-	-	-	10	10	6

Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	3.3B	3.4B	3.5B
Avg	3.2B	3.3B	3.4B
Low	3.0B	3.1B	3.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.6%	7.7%	5.8%
Avg	4.2%	3.2%	2.5%
Low	-0.5%	-2.0%	-1.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.85	2.03	2.15
Avg	1.78	1.93	2.07
Low	1.70	1.79	1.96

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	63.6%	14.1%	11.7%
Avg	57.3%	8.5%	7.6%
Low	50.1%	1.0%	1.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.