Vital Farms (VITL) ended the recent trading session at $8.16, demonstrating a -2.86% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a drop of 0.07%, and the technology-dominated Nasdaq saw an increase of 1.11%.
The company's shares have seen a decrease of 29.94% over the last month, not keeping up with the Consumer Staples sector's gain of 3.59% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of Vital Farms in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.14, marking a 138.89% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $184.6 million, indicating a 7.21% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.53 per share and a revenue of $769.73 million, representing changes of -136.81% and +1.35%, respectively, from the prior year.
Any recent changes to analyst estimates for Vital Farms should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 moved 10.35% lower. As of now, Vital Farms holds a Zacks Rank of #4 (Sell).
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Vital Farms, Inc. (VITL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).