Back to top

Aggressive Growth

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Medifast, Inc. (MED - Snapshot Report) estimates continue to trend higher following the company's sixth consecutive earnings surprise.

Company Description

Medifast offers weight-loss programs based on clinically proven, portion-controlled meals. The plans offer customers to choose from 70 different meals, which are bought directly from Medifast. Additionally, the company offers coaching and support groups for its dieters

Another Surprise

On Aug 5 Medifast reported its sixth consecutive earnings surprise on a 60% increase in revenue. Sales were up to $66.7 million, from $41.7 million a year ago. Net income almost doubled, to $5.6 million from $3.0 million.

Earnings per shares came out to 38 cents, 18 cents better than last year and 4 cents better than Wall Street expected.

Analyst Revisions

Following the earnings surprise, the Zacks Consensus Estimate for 2010 jumped 13 cents, to $1.44. Next year's forecasts are averaging $1.75, up a dime on the news.

If Medifast can meet these expectations, year-over-year growth rates will be 78% and 21%, respectively. And you won't be overpaying for those rates, as shares are trading with a PEG ratio of just 0.8.

The Chart

The recent estimate revisions are nothing new for MED analysts. You can see below that the full-year estimates have been steadily increasing for more than 2 years.

Read the July 7th Feature Here

Medifast, Inc.  - ticker MED >
<P ALIGN=

Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service

Last Week's Aggressive Growth Zacks Rank Buy Stocks

UFP Technologies, Inc. (UFPT) posted record results in the last quarter after growing through acquisition and organically. Read Full Article.

Albany International Corp (AIN) analysts are feeling bullish after the latest earnings report. Estimates are up and the stock is a great entry point. Read Full Article.

Magellan Health Services, Inc. (MGLN) is up sharply since its latest earnings surprise. Thanks to estimate revisions, shares are still a good value and are showing stability in a rough market. Read Full Article.

AutoNation, Inc. (AN) analysts are raising estimates following the latest earnings surprise. Industry sales continue to improve and AutoNation is making the most of it. Read Full Article.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%