In the latest close session, Freshpet (FRPT) was down 2.02% at $60.13. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The stock of seller of refrigerated fresh pet food has fallen by 19.83% in the past month, lagging the Consumer Staples sector's loss of 3.8% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Freshpet in its upcoming release. On that day, Freshpet is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 17.39%. Our most recent consensus estimate is calling for quarterly revenue of $308.51 million, up 6.81% from the year-ago period.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.73 per share and revenue of $1.22 billion. These results would represent year-over-year changes of -34.47% and +10.73%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 remained unchanged. Freshpet is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Freshpet is currently trading at a Forward P/E ratio of 35.58. This valuation marks a premium compared to its industry average Forward P/E of 14.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 15% 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.
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).