Vital Farms (VITL) ended the recent trading session at $38.30, demonstrating a -1.57% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.79%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 0.92%.
Shares of the company have appreciated by 26% over the course of the past month, outperforming the Consumer Staples sector's gain of 0.23%, and the S&P 500's gain of 5.22%.
The investment community will be paying close attention to the earnings performance of Vital Farms in its upcoming release. On that day, Vital Farms is projected to report earnings of $0.28 per share, which would represent a year-over-year decline of 22.22%. Our most recent consensus estimate is calling for quarterly revenue of $168.88 million, up 14.58% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.27 per share and a revenue of $743.1 million, signifying shifts of +7.63% and +22.56%, respectively, from the last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Vital Farms is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Vital Farms is presently trading at a Forward P/E ratio of 30.72. This denotes a premium relative to the industry average Forward P/E of 15.37.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 192, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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
