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Why Vital Farms (VITL) Dipped More Than Broader Market Today
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In the latest trading session, Vital Farms (VITL - Free Report) closed at $43.53, marking a -1.8% move from the previous day. This change lagged the S&P 500's 0.55% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.95%.
Coming into today, shares of the company had lost 14.26% in the past month. In that same time, the Consumer Staples sector lost 5.64%, while the S&P 500 gained 3.64%.
The investment community will be closely monitoring the performance of Vital Farms in its forthcoming earnings report. In that report, analysts expect Vital Farms to post earnings of $0.28 per share. This would mark year-over-year growth of 75%. Simultaneously, our latest consensus estimate expects the revenue to be $189.46 million, showing a 30.66% escalation compared to the year-ago quarter.
VITL's full-year Zacks Consensus Estimates are calling for earnings of $1.35 per share and revenue of $772.03 million. These results would represent year-over-year changes of +14.41% and +27.33%, respectively.
Investors might also notice recent changes to analyst estimates for Vital Farms. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Vital Farms is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Vital Farms is currently exchanging hands at a Forward P/E ratio of 32.84. This signifies a premium in comparison to the average Forward P/E of 16.21 for its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 167, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Why Vital Farms (VITL) Dipped More Than Broader Market Today
In the latest trading session, Vital Farms (VITL - Free Report) closed at $43.53, marking a -1.8% move from the previous day. This change lagged the S&P 500's 0.55% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.95%.
Coming into today, shares of the company had lost 14.26% in the past month. In that same time, the Consumer Staples sector lost 5.64%, while the S&P 500 gained 3.64%.
The investment community will be closely monitoring the performance of Vital Farms in its forthcoming earnings report. In that report, analysts expect Vital Farms to post earnings of $0.28 per share. This would mark year-over-year growth of 75%. Simultaneously, our latest consensus estimate expects the revenue to be $189.46 million, showing a 30.66% escalation compared to the year-ago quarter.
VITL's full-year Zacks Consensus Estimates are calling for earnings of $1.35 per share and revenue of $772.03 million. These results would represent year-over-year changes of +14.41% and +27.33%, respectively.
Investors might also notice recent changes to analyst estimates for Vital Farms. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Vital Farms is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Vital Farms is currently exchanging hands at a Forward P/E ratio of 32.84. This signifies a premium in comparison to the average Forward P/E of 16.21 for its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 167, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.