Vital Farms (VITL) ended the recent trading session at $47.06, demonstrating a -3.09% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.94%.
Shares of the company have appreciated by 1.7% over the course of the past month, outperforming the Consumer Staples sector's loss of 1.75%, and lagging the S&P 500's gain of 2.32%.
The investment community will be paying close attention to the earnings performance of Vital Farms in its upcoming release. The company is forecasted to report an EPS of $0.28, showcasing a 75% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $189.46 million, indicating a 30.66% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.35 per share and a revenue of $772.03 million, signifying shifts of +14.41% and +27.33%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Vital Farms. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Vital Farms currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Vital Farms is presently being traded at a Forward P/E ratio of 35.97. This represents a premium compared to its industry average Forward P/E of 16.09.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 163, placing it within the bottom 35% of over 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Vital Farms, Inc. (VITL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
