Medifast Inc reports results for the quarter ended in December - Earnings Summary

Medifast

21/02/2023 22:02

* Medifast Inc  MED.N  reported quarterly adjusted earnings
of
$3.27​​ per share for the quarter ended in December. The lone
analyst forecast for the quarter was for earnings of $2.22 per
share.
    * Revenue fell 10.7% to $337.25 million from a year ago;
analysts
expected $330.10 million. 
    * Medifast Inc's reported EPS for the quarter was $2.41​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Medifast Inc shares had fallen by 0.0% this quarter.
    * The company reported quarterly net income of $26.52
million.
    * Wall Street's median 12-month price target for Medifast
Inc is
$106.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
21 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.22           3.27           Beat
 Sep. 30 2022      1.91           3.27           Beat
 Jun. 30 2022      3.23           3.42           Beat
 Mar. 31 2022      3.57           3.59           Beat