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

Medifast

21/02/2024 10:44

* Medifast Inc  MED.N  reported quarterly adjusted earnings
of 55
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$3.27.  The mean expectation of two analysts for the quarter was
for earnings of 96 cents per share. Wall Street expected
results to range from 93 cents to 99 cents per share.
    * Revenue fell 43.4% to $191.02 million from a year ago;
analysts
expected $184.15 million. 
    * Medifast Inc's reported EPS for the quarter was 55 cents​.
    * The company reported quarterly net income of $6.04
million.
    * Medifast Inc shares had fallen by 27.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the food
processing
peer group is also "hold"

Wall Street's median 12-month price target for Medifast Inc is
$49.00 
This summary was machine generated from LSEG data February 21 at
10:43 a.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
 Dec. 31 2023      0.96           0.55           Missed
 Sep. 30 2023      1.07           2.12           Beat
 Jun. 30 2023      1.44           2.77           Beat
 Mar. 31 2023      2.40           3.67           Beat