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) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
Freshpet (FRPT - Free Report) closed the most recent trading day at $67.28, moving -4.21% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.58%. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
Prior to today's trading, shares of the seller of refrigerated fresh pet food had gained 3.64% outpaced the Consumer Staples sector's loss of 0.95% and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Freshpet in its upcoming earnings disclosure. The company is expected to report EPS of $0.38, down 17.39% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $308.51 million, indicating a 6.81% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.73 per share and a revenue of $1.22 billion, signifying shifts of -34.47% and +10.73%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Freshpet. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Freshpet possesses a Zacks Rank of #4 (Sell).
With respect to valuation, Freshpet is currently being traded at a Forward P/E ratio of 40.72. This expresses a premium compared to the average Forward P/E of 14.33 of its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 208, this industry ranks in the bottom 16% of all industries, numbering over 250.
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.
To follow FRPT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Freshpet (FRPT) Declines More Than Market: Some Information for Investors
Freshpet (FRPT - Free Report) closed the most recent trading day at $67.28, moving -4.21% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.58%. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
Prior to today's trading, shares of the seller of refrigerated fresh pet food had gained 3.64% outpaced the Consumer Staples sector's loss of 0.95% and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Freshpet in its upcoming earnings disclosure. The company is expected to report EPS of $0.38, down 17.39% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $308.51 million, indicating a 6.81% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.73 per share and a revenue of $1.22 billion, signifying shifts of -34.47% and +10.73%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Freshpet. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Freshpet possesses a Zacks Rank of #4 (Sell).
With respect to valuation, Freshpet is currently being traded at a Forward P/E ratio of 40.72. This expresses a premium compared to the average Forward P/E of 14.33 of its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 208, this industry ranks in the bottom 16% of all industries, numbering over 250.
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.
To follow FRPT in the coming trading sessions, be sure to utilize Zacks.com.