In the latest trading session, Vital Farms (VITL) closed at $26.85, marking a +2.52% move from the previous day. This change outpaced the S&P 500's 1.97% gain on the day. At the same time, the Dow added 2.47%, and the tech-heavy Nasdaq gained 2.18%.
The stock of company has fallen by 12.87% in the past month, lagging the Consumer Staples sector's gain of 12.76% and the S&P 500's loss of 1.49%.
The investment community will be closely monitoring the performance of Vital Farms in its forthcoming earnings report. The company is predicted to post an EPS of $0.38, indicating a 65.22% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.26 million, up 28.48% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.44 per share and a revenue of $759.16 million, indicating changes of +22.03% and +25.21%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vital Farms. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.04% downward. Vital Farms presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Vital Farms is currently being traded at a Forward P/E ratio of 16.01. This indicates a premium in contrast to its industry's Forward P/E of 14.57.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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