Medifast Inc expected to post earnings of 78 cents a share - Earnings Preview

Medifast

26/04/2024 22:14

* Medifast Inc  MED.N   MED  is expected to show a fall in
quarterly revenue when it reports  results on April 29 for the
period ending March 31 2024
    * The Owings Mills Maryland-based  company is expected to
report a
51.6% decrease in revenue to $168.9 million from $348.98 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on February 20 2024,
for the period ended March 31, was for revenue between $155.00
million and $175.00 million.
    * ​LSEG's mean analyst estimate for Medifast Inc is for
earnings
of 78 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 7.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Medifast
Inc is
$37.50​, above​ its last closing price of $33.50. ​​​

This summary was machine generated April 26 at 21:14 GMT.  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)