Medifast Inc expected to post earnings of $1.44 a share - Earnings Preview

Medifast

05/08/2023 03:00

* Medifast Inc  MED.N   MED  is expected to show a fall in
quarterly revenue when it reports  results on August 7. 
    * The Owings Mills Maryland-based  company is expected to
report 
a 40.4% decrease in revenue to $270.244 million from $453.33
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. The company's guidance on May 1 2023,
for the period ended June 30, was for revenue between $250.00
million and $270.00 million.
    * ​Refinitiv's mean analyst estimate for Medifast Inc is for
earnings of $1.44 per share. 
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Medifast
Inc is
$93​, below​ its last closing price of $98.78. ​​​

This summary was machine generated August 5 at 02:00 GMT.  All
figures in US dollars  unless otherwise stated