Vital Farms (VITL) closed at $10.03 in the latest trading session, marking a -2.76% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The company's shares have seen a decrease of 5.76% over the last month, not keeping up with the Consumer Staples sector's loss of 3.55% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Vital Farms in its upcoming release. The company is forecasted to report an EPS of -$0.13, showcasing a 136.11% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $190.5 million, down 4.24% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.48 per share and a revenue of $777.9 million, indicating changes of -133.33% and +2.43%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vital Farms. These revisions help to show the ever-changing nature of 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Vital Farms presently features a Zacks Rank of #3 (Hold).
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Vital Farms, Inc. (VITL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).