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) Stock Moves -2.02%: What You Should Know
Read MoreHide Full Article
In the latest close session, Freshpet (FRPT - Free Report) was down 2.02% at $60.13. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The stock of seller of refrigerated fresh pet food has fallen by 19.83% in the past month, lagging the Consumer Staples sector's loss of 3.8% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Freshpet in its upcoming release. On that day, Freshpet is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 17.39%. Our most recent consensus estimate is calling for quarterly revenue of $308.51 million, up 6.81% from the year-ago period.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.73 per share and revenue of $1.22 billion. These results would represent year-over-year changes of -34.47% and +10.73%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained unchanged. Freshpet is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Freshpet is currently trading at a Forward P/E ratio of 35.58. This valuation marks a premium compared to its industry average Forward P/E of 14.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
View the Zacks #1 Rank List
Image: Bigstock
Freshpet (FRPT) Stock Moves -2.02%: What You Should Know
In the latest close session, Freshpet (FRPT - Free Report) was down 2.02% at $60.13. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The stock of seller of refrigerated fresh pet food has fallen by 19.83% in the past month, lagging the Consumer Staples sector's loss of 3.8% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Freshpet in its upcoming release. On that day, Freshpet is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 17.39%. Our most recent consensus estimate is calling for quarterly revenue of $308.51 million, up 6.81% from the year-ago period.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.73 per share and revenue of $1.22 billion. These results would represent year-over-year changes of -34.47% and +10.73%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained unchanged. Freshpet is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Freshpet is currently trading at a Forward P/E ratio of 35.58. This valuation marks a premium compared to its industry average Forward P/E of 14.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.