Vital Farms (VITL) ended the recent trading session at $39.30, demonstrating a -6.38% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.4%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.66%.
Shares of the company have depreciated by 10.78% over the course of the past month, underperforming the Consumer Staples sector's loss of 2.91%, and the S&P 500's gain of 1.02%.
The investment community will be closely monitoring the performance of Vital Farms in its forthcoming earnings report. The company's upcoming EPS is projected at $0.29, signifying a 81.25% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $191.08 million, indicating a 31.78% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.37 per share and a revenue of $772.03 million, representing changes of +16.1% and +27.33%, respectively, from the prior year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Within the past 30 days, our consensus EPS projection has moved 1.19% higher. Vital Farms is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Vital Farms is currently exchanging hands at a Forward P/E ratio of 30.73. This represents a premium compared to its industry average Forward P/E of 15.09.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 193, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Vital Farms, Inc. (VITL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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