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Why Freshpet (FRPT) Outpaced the Stock Market Today
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In the latest trading session, Freshpet (FRPT - Free Report) closed at $60.08, marking a +1.9% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 1.16%.
The seller of refrigerated fresh pet food's shares have seen a decrease of 29.9% over the last month, not keeping up with the Consumer Staples sector's loss of 11.15% and the S&P 500's loss of 4.99%.
The upcoming earnings release of Freshpet will be of great interest to investors. On that day, Freshpet is projected to report earnings of $0.07 per share, which would represent a year-over-year decline of 22.22%. Our most recent consensus estimate is calling for quarterly revenue of $290.64 million, up 10.4% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.26 per share and a revenue of $1.2 billion, demonstrating changes of -52.27% and +9.27%, respectively, from the preceding year.
Any recent changes to analyst estimates for Freshpet should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 2.31% downward. Currently, Freshpet is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Freshpet is presently being traded at a Forward P/E ratio of 46.85. For comparison, its industry has an average Forward P/E of 13.57, which means Freshpet is trading at a premium to the group.
Meanwhile, FRPT's PEG ratio is currently 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.45 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 209, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Why Freshpet (FRPT) Outpaced the Stock Market Today
In the latest trading session, Freshpet (FRPT - Free Report) closed at $60.08, marking a +1.9% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 1.16%.
The seller of refrigerated fresh pet food's shares have seen a decrease of 29.9% over the last month, not keeping up with the Consumer Staples sector's loss of 11.15% and the S&P 500's loss of 4.99%.
The upcoming earnings release of Freshpet will be of great interest to investors. On that day, Freshpet is projected to report earnings of $0.07 per share, which would represent a year-over-year decline of 22.22%. Our most recent consensus estimate is calling for quarterly revenue of $290.64 million, up 10.4% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.26 per share and a revenue of $1.2 billion, demonstrating changes of -52.27% and +9.27%, respectively, from the preceding year.
Any recent changes to analyst estimates for Freshpet should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 2.31% downward. Currently, Freshpet is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Freshpet is presently being traded at a Forward P/E ratio of 46.85. For comparison, its industry has an average Forward P/E of 13.57, which means Freshpet is trading at a premium to the group.
Meanwhile, FRPT's PEG ratio is currently 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.45 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 209, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.