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Performance Food (PFGC) possesses solid growth attributes, which could help it handily outperform the market.
Investors interested in stocks from the Food - Natural Foods Products sector have probably already heard of Performance Food Group (PFGC) and Sprouts Farmers (SFM). But which of these two stocks is more attractive to value investors?
The heavy selling pressure might have exhausted for Performance Food (PFGC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Performance Food (PFGC) could produce exceptional returns because of its solid growth attributes.
The heavy selling pressure might have exhausted for Performance Food (PFGC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
The Zacks Natural Foods Products industry players are benefiting from the increasing consumer preference for healthy food options and efficient pricing amid high operating costs. These upsides keep Performance Food (PFGC), Sprouts Farmers (SFM) and Farmer Bros.
Performance Food (PFGC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Performance Food Group has shown strong revenue growth, margin expansion, and debt reduction, bolstering its future margins. PFGC is well-positioned in the growing food-away-from-home market, with the boom in the micro-market supporting its Vistar segment. Despite underperforming slightly from its competitors, I believe the Company still has a strong growth outlook and double-digit upside potential, making it a buy case.
Performance Food Group Company (NYSE:PFGC ) Q1 2024 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants William Marshall - Vice President-Investor Relations George Holm - Chief Executive Officer Patrick Hatcher - Chief Financial Officer Conference Call Participants Edward Kelly - Wells Fargo Mark Carden - UBS Kelly Bania - BMO Capital Markets Brian Harbour - Morgan Stanley Alexander Slagle - Jefferies John Heinbockel - Guggenheim Jeffrey Bernstein - Barclays Andrew Wolf - CL King Lauren Silberman - Deutsche Bank Josh Long - Stephens Inc. William Reuter - Bank of America Peter Saleh - BTIG Jake Bartlett - Truist Securities Operator Good day and welcome to PFG's Fiscal Year Q1 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Bill Marshall, Vice President, Investor Relations for PFG.