Freshpet Inc reports results for the quarter ended in September 30 - Earnings Summary

Freshpet

04/11/2024 15:20

* Freshpet Inc  FRPT.OQ  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -15 cents.  The mean expectation of sixteen analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from -5 cents to 19 cents per share.
    * Revenue rose 26.3% to $253.37 million from a year ago;
analysts
expected $248.21 million. 
    * Freshpet Inc's reported EPS for the quarter was 24 cents​.
    * The company reported quarterly net income of $11.9
million.
    * Freshpet Inc shares had fallen by 2.3% this quarter and
gained 54.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.9%
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
158.50 
This summary was machine generated from LSEG data November 4 at
03:20 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
 Sep. 30 2024      0.11           0.24           Beat
 Jun. 30 2024      -0.05          -0.03          Beat
 Mar. 31 2024      -0.23          0.37           Beat
 Dec. 31 2023      0.05           0.31           Beat