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Vital Farms (VITL) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, Vital Farms (VITL - Free Report) was down 6.64% at $29.82. This change lagged the S&P 500's daily gain of 0.19%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw a decrease of 0.03%.
Prior to today's trading, shares of the company had gained 1.53% outpaced the Consumer Staples sector's loss of 1.23% and the S&P 500's gain of 0.54%.
Analysts and investors alike will be keeping a close eye on the performance of Vital Farms in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.38, showcasing a 65.22% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.26 million, up 28.48% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.44 per share and a revenue of $759.16 million, representing changes of +22.03% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Vital Farms. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. Vital Farms presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Vital Farms is presently trading at a Forward P/E ratio of 19.13. For comparison, its industry has an average Forward P/E of 13.46, which means Vital Farms is trading at a premium to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Vital Farms (VITL) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Vital Farms (VITL - Free Report) was down 6.64% at $29.82. This change lagged the S&P 500's daily gain of 0.19%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw a decrease of 0.03%.
Prior to today's trading, shares of the company had gained 1.53% outpaced the Consumer Staples sector's loss of 1.23% and the S&P 500's gain of 0.54%.
Analysts and investors alike will be keeping a close eye on the performance of Vital Farms in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.38, showcasing a 65.22% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.26 million, up 28.48% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.44 per share and a revenue of $759.16 million, representing changes of +22.03% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Vital Farms. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. Vital Farms presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Vital Farms is presently trading at a Forward P/E ratio of 19.13. For comparison, its industry has an average Forward P/E of 13.46, which means Vital Farms is trading at a premium to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.