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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
  Report
Delayed Quote. Delayed Swiss Exchange - 11/27 11:30:25 am
102.3 CHF   -0.08%
11/26Business rights or human rights? Swiss vote shines spotlight on companies
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11/25NESTLE : Gets a Buy rating from JP Morgan
MD
11/25Nestle Agrees to Sell Yinlu Food Businesses in China
DJ
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nestle's Organic Sales Growth Beat Consensus -- Earnings Review

10/21/2020 | 11:15am EST

By Giulia Petroni

Nestle SA earlier Wednesday reported nine-month sales figures. Here is what we watched:

SALES: The Swiss food-and-beverage giant's sales in the period came in at 61.91 billion Swiss francs ($68.24 billion), down 9.4% compared with the previous year. A company-compiled consensus forecast had seen sales at CHF62.09 billion.

WHAT WE WATCHED:

-3Q GROWTH: Nestle reported organic sales growth of 4.9% in the third quarter. The result contributed to 3.5% organic sales growth in the nine months, which is above the 2.8% growth estimated by a company-compiled consensus.

-LIFTED GUIDANCE: Full-year organic sales growth is expected to be around 3%, from a prior forecast of between 2% and 3%, according to the company. The raise implies organic growth of 1.6% in the fourth quarter, according to analysts at RBC Capital Markets, which is similar to the second quarter but implies "a big step down" from the third quarter's 4.9%. "This seems conservative unless we hear to the contrary from Nestle," analysts at the bank say.

-PRODUCT TRENDS: Nestle's health-science unit reported strong double-digit growth in the first nine months of the year, reflecting consumers' increasing demand for products boosting health and the immune system during the pandemic. Organic growth was also driven by strong demand for pet food and coffee.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-21-20 1114ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. -0.08% 102.3 Delayed Quote.-2.37%
All news about NESTLÉ S.A.
11/26Business rights or human rights? Swiss vote shines spotlight on companies
RE
11/25NESTLE : Gets a Buy rating from JP Morgan
MD
11/25Nestle Agrees to Sell Yinlu Food Businesses in China
DJ
11/25NESTLE S A : sells Yinlu business in China amid portfolio cleanup
RE
11/25NESTLE S A : sells Yinlu business in China amid portfolio cleanup
RE
11/25NESTLE S A : Nestlé agrees to sell Yinlu peanut milk and canned rice porridge bu..
AQ
11/23Danone to cut jobs, product lines in virus-led restructuring
RE
11/12Nestle Appoints New Head of Strategic Business Units, Marketing and Sales
DJ
11/12NESTLE S A : Changes in the Executive Board of Nestlé S.A.
PU
11/12NESTLE S A : Changes in the Executive Board of Nestlé S.A.
AQ
More news
Financials
Sales 2020 84 945 M 93 882 M 93 882 M
Net income 2020 11 697 M 12 927 M 12 927 M
Net Debt 2020 30 184 M 33 359 M 33 359 M
P/E ratio 2020 25,2x
Yield 2020 2,66%
Capitalization 285 B 315 B 315 B
EV / Sales 2020 3,71x
EV / Sales 2021 3,68x
Nbr of Employees 291 000
Free-Float 93,5%
Chart NESTLÉ S.A.
Duration : Period :
Nestlé S.A. Technical Analysis Chart | NESN | CH0038863350 | MarketScreener
Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 117,02 CHF
Last Close Price 102,30 CHF
Spread / Highest target 27,1%
Spread / Average Target 14,4%
Spread / Lowest Target -8,11%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer
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