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

Freshpet

06/05/2024 14:30

* Freshpet Inc  FRPT.OQ  reported quarterly adjusted
earnings of
37 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -52
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 23 cents per share. Wall Street expected
results to range from -38 cents to -8 cents per share.
    * Revenue rose 33.6% to $223.85 million from a year ago;
analysts
expected $216.42 million. 
    * Freshpet Inc's reported EPS for the quarter was 37 cents​.
    * The company reported quarterly net income of $18.6
million.
    * Freshpet Inc shares had fallen by 5.4% this quarter and
gained 26.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"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
$125.00 
This summary was machine generated from LSEG data May 6 at 01:30
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
 Mar. 31 2024      -0.23          0.37           Beat
 Dec. 31 2023      0.05           0.31           Beat
 Sep. 30 2023      -0.19          -0.15          Beat
 Jun. 30 2023      -0.43          -0.35          Beat