
Food distribution giant Performance Food Group (NYSE: PFGC) will be announcing earnings results this Wednesday before market open. Here’s what to expect.
Performance Food Group beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $17.08 billion, up 10.8% year on year. It was a mixed quarter for the company, with full-year revenue guidance slightly topping analysts’ expectations but a significant miss of analysts’ EPS estimates.
Is Performance Food Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Performance Food Group’s revenue to grow 5.7% year on year to $16.52 billion, slowing from the 9.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Performance Food Group has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Performance Food Group’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Sysco delivered year-on-year revenue growth of 3%, meeting analysts’ expectations, and Apple reported revenues up 15.7%, topping estimates by 4.1%. Sysco traded up 10.4% following the results while Apple’s stock price was unchanged.
Read our full analysis of Sysco’s results here and Apple’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Performance Food Group is up 7.9% during the same time and is heading into earnings with an average analyst price target of $119.69 (compared to the current share price of $95).
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