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

Medifast

07/08/2023 23:05

* Medifast Inc  MED.N  reported quarterly adjusted earnings
of
$2.77​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of $1.44 per
share.
    * Revenue fell 34.7% to $296.19 million from a year ago;
analysts
expected $270.24 million. 
    * Medifast Inc's reported EPS for the quarter was $2.77​.
    * 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 risen by 7.2% this quarter and
lost 14.4% so far this year.
    * The company reported quarterly net income of $30.28
million.
    * Wall Street's median 12-month price target for Medifast
Inc is
$93.00 
    * 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 LSEG Refinitiv data
August 7 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.44           2.77           Beat
 Mar. 31 2023      2.40           3.67           Beat
 Dec. 31 2022      2.22           3.27           Beat
 Sep. 30 2022      1.91           3.27           Beat