In the latest trading session, Vital Farms (VITL) closed at $9.29, marking a -1.06% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.25%. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
Prior to today's trading, shares of the company had lost 8.03% lagged the Consumer Staples sector's loss of 4.32% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Vital Farms will be of great interest to investors. The company is expected to report EPS of -$0.13, down 136.11% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $190.5 million, indicating a 4.24% downward movement from the same quarter last year.
VITL's full-year Zacks Consensus Estimates are calling for earnings of -$0.48 per share and revenue of $777.9 million. These results would represent year-over-year changes of -133.33% and +2.43%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Vital Farms. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Vital Farms holds a Zacks Rank of #3 (Hold).
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 202, 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.
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).