Freshpet Inc reports results for the quarter ended in June - Earnings Summary

Freshpet

05/08/2024 14:51

* Freshpet Inc  FRPT.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -35
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -18 cents to 3 cents per share.
    * Revenue rose 28.3% to $235.25 million from a year ago;
analysts
expected $231.05 million. 
    * Freshpet Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $1.69 million.
    * Freshpet Inc shares had fallen by 5.6% this quarter and
gained 40.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 61.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Freshpet Inc is
$145.00 
This summary was machine generated from LSEG data August 5 at
01:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.05          -0.03          Beat
 Mar. 31 2024      -0.23          0.37           Beat
 Dec. 31 2023      0.05           0.31           Beat
 Sep. 30 2023      -0.19          -0.15          Beat