Medifast Inc expected to post earnings of $2.40 a share - Earnings Preview

Medifast

28/04/2023 23:34

* Medifast Inc  MED.N   MED  is expected to show a fall in
quarterly revenue when it reports  results on May 1. 
    * The Owings Mills Maryland-based  company is expected to
report 
a 23.5% decrease in revenue to $319.517 million from $417.6
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. The company's guidance on February 21
2023, for the period ended March 31, was for revenue between
$300.00 million and $320.00 million.
    * ​Refinitiv's mean analyst estimate for Medifast Inc is for
earnings of $2.40 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
$94​, above​ its last closing price of $91.65. ​​​

This summary was machine generated April 28 at 22:34 GMT.  All
figures in US dollars  unless otherwise stated