We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Freshpet (FRPT) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
Freshpet (FRPT - Free Report) closed the most recent trading day at $81.79, moving -1.26% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.21% for the day. Meanwhile, the Dow experienced a drop of 0.07%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Shares of the seller of refrigerated fresh pet food witnessed a gain of 18.46% over the previous month, beating the performance of the Consumer Staples sector with its loss of 3.04%, and the S&P 500's loss of 2.26%.
The investment community will be paying close attention to the earnings performance of Freshpet in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 33.33% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $291.58 million, up 10.76% from the year-ago period.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.36 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -48.48% and +9.78%, respectively.
Any recent changes to analyst estimates for Freshpet should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.21% decrease. Freshpet presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Freshpet is presently trading at a Forward P/E ratio of 60.69. Its industry sports an average Forward P/E of 13.69, so one might conclude that Freshpet is trading at a premium comparatively.
We can additionally observe that FRPT currently boasts a PEG ratio of 2.53. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.83.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 195, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Freshpet (FRPT) Falls More Steeply Than Broader Market: What Investors Need to Know
Freshpet (FRPT - Free Report) closed the most recent trading day at $81.79, moving -1.26% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.21% for the day. Meanwhile, the Dow experienced a drop of 0.07%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Shares of the seller of refrigerated fresh pet food witnessed a gain of 18.46% over the previous month, beating the performance of the Consumer Staples sector with its loss of 3.04%, and the S&P 500's loss of 2.26%.
The investment community will be paying close attention to the earnings performance of Freshpet in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 33.33% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $291.58 million, up 10.76% from the year-ago period.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.36 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -48.48% and +9.78%, respectively.
Any recent changes to analyst estimates for Freshpet should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.21% decrease. Freshpet presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Freshpet is presently trading at a Forward P/E ratio of 60.69. Its industry sports an average Forward P/E of 13.69, so one might conclude that Freshpet is trading at a premium comparatively.
We can additionally observe that FRPT currently boasts a PEG ratio of 2.53. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.83.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 195, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.