Freshpet (FRPT) closed at $61.33 in the latest trading session, marking a +1.78% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.66%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
Shares of the seller of refrigerated fresh pet food have depreciated by 14.21% over the course of the past month, underperforming the Consumer Staples sector's loss of 6.84%, and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Freshpet in its forthcoming earnings report. In that report, analysts expect Freshpet to post earnings of $0.4 per share. This would mark a year-over-year decline of 13.04%. 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 full year, the Zacks Consensus Estimates are projecting earnings of $1.27 per share and revenue of $1.22 billion, which would represent changes of -51.89% and +10.73%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Freshpet. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Freshpet currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Freshpet is currently exchanging hands at a Forward P/E ratio of 47.64. This expresses a premium compared to the average Forward P/E of 13.62 of its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 212, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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Freshpet, Inc. (FRPT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).