Vital Farms (VITL) closed at $30.03 in the latest trading session, marking a +1.11% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.62%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.65%.
The stock of company has fallen by 6.4% in the past month, lagging the Consumer Staples sector's loss of 1.6% and the S&P 500's gain of 0.59%.
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 $0.38, showcasing a 65.22% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $213.26 million, up 28.48% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.44 per share and a revenue of $759.16 million, signifying shifts of +22.03% and 0%, respectively, from the last year.
Investors might also notice recent changes to 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.71% decrease. Currently, Vital Farms is carrying a Zacks Rank of #3 (Hold).
Investors should also note Vital Farms's current valuation metrics, including its Forward P/E ratio of 17.78. This signifies a premium in comparison to the average Forward P/E of 12.88 for its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% 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.
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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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