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Freshpet (FRPT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Freshpet (FRPT - Free Report) ended the recent trading session at $55.66, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the seller of refrigerated fresh pet food had gained 20.47% over the past month, outpacing the Consumer Staples sector's gain of 1.54% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of Freshpet in its upcoming release. The company is forecasted to report an EPS of $0.22, showcasing a 33.33% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $292.7 million, indicating a 10.58% growth compared to the corresponding quarter of the prior year.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.63 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -38.26% and +9.52%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Freshpet presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Freshpet currently has a Forward P/E ratio of 35.07. Its industry sports an average Forward P/E of 14.37, so one might conclude that Freshpet is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 17% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Freshpet (FRPT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Freshpet (FRPT - Free Report) ended the recent trading session at $55.66, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the seller of refrigerated fresh pet food had gained 20.47% over the past month, outpacing the Consumer Staples sector's gain of 1.54% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of Freshpet in its upcoming release. The company is forecasted to report an EPS of $0.22, showcasing a 33.33% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $292.7 million, indicating a 10.58% growth compared to the corresponding quarter of the prior year.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.63 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -38.26% and +9.52%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Freshpet presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Freshpet currently has a Forward P/E ratio of 35.07. Its industry sports an average Forward P/E of 14.37, so one might conclude that Freshpet is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 17% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.