In the latest close session, Vital Farms (VITL) was up +2.41% at $13.15. The stock exceeded the S&P 500, which registered a loss of 0.45% for the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.16%.
Heading into today, shares of the company had gained 27.63% over the past month, outpacing the Consumer Staples sector's gain of 3.14% and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Vital Farms in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.45, marking a 225% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $176.5 million, down 4.48% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.46 per share and a revenue of $783.1 million, demonstrating changes of -131.94% and +3.11%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Vital Farms. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.67% lower within the past month. Right now, Vital Farms possesses a Zacks Rank of #4 (Sell).
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 203, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Vital Farms, Inc. (VITL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).