In the latest close session, Vital Farms (VITL) was down 3.84% at $12.26. This change lagged the S&P 500's 0.8% gain on the day. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 1.6%.
Heading into today, shares of the company had lost 18.79% over the past month, lagging the Consumer Staples sector's loss of 2.45% and the S&P 500's gain of 5.15%.
Investors will be eagerly watching for the performance of Vital Farms in its upcoming earnings disclosure. In that report, analysts expect Vital Farms to post earnings of $0.2 per share. This would mark a year-over-year decline of 45.95%. Meanwhile, the latest consensus estimate predicts the revenue to be $186.12 million, indicating a 14.75% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.99 per share and revenue of $886.21 million, indicating changes of -31.25% and +16.69%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vital Farms. Recent revisions tend to reflect the latest near-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 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 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. Within the past 30 days, our consensus EPS projection has moved 19.38% lower. Right now, Vital Farms possesses a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Vital Farms is at present trading with a Forward P/E ratio of 12.88. This represents a discount compared to its industry average Forward P/E of 13.81.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 201, finds itself in the bottom 18% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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Vital Farms, Inc. (VITL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).