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Freshpet (FRPT) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Freshpet (FRPT - Free Report) was down 1.28% at $57.17. This change lagged the S&P 500's 0.77% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
Prior to today's trading, shares of the seller of refrigerated fresh pet food had lost 18.23% lagged the Consumer Staples sector's loss of 4.83% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Freshpet will be of great interest to investors. The company is predicted to post an EPS of $0.4, indicating a 13.04% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $308.51 million, indicating a 6.81% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.27 per share and revenue of $1.22 billion. These totals would mark changes of -51.89% and +10.73%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Freshpet possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Freshpet is at present trading with a Forward P/E ratio of 45.78. This represents a premium compared to its industry average Forward P/E of 13.98.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 19% 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.
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
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Freshpet (FRPT) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Freshpet (FRPT - Free Report) was down 1.28% at $57.17. This change lagged the S&P 500's 0.77% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
Prior to today's trading, shares of the seller of refrigerated fresh pet food had lost 18.23% lagged the Consumer Staples sector's loss of 4.83% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Freshpet will be of great interest to investors. The company is predicted to post an EPS of $0.4, indicating a 13.04% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $308.51 million, indicating a 6.81% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.27 per share and revenue of $1.22 billion. These totals would mark changes of -51.89% and +10.73%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Freshpet possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Freshpet is at present trading with a Forward P/E ratio of 45.78. This represents a premium compared to its industry average Forward P/E of 13.98.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 19% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.