Vital Farms (VITL) ended the recent trading session at $10.41, demonstrating a -4.06% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.
The stock of company has risen by 15.06% in the past month, leading the Consumer Staples sector's loss of 0.22% and the S&P 500's gain of 0.29%.
The investment community will be closely monitoring the performance of Vital Farms in its forthcoming earnings report. The company is predicted to post an EPS of -$0.28, indicating a 177.78% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $181.95 million, indicating a 1.53% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.45 per share and revenue of $783.54 million. These totals would mark changes of -131.25% and +3.17%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Vital Farms. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Vital Farms is currently a Zacks Rank #4 (Sell).
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 209, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Vital Farms, Inc. (VITL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).