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

Medifast

05/05/2021 24:12

* Medifast Inc  MED.N  reported quarterly adjusted earnings of
$3.46​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
$2.73 per share.
* Revenue rose 90.9% to $340.67 million from a year ago​; 
analysts expected $278.89 million.
* Medifast Inc's reported EPS for the quarter was $3.46​.
* The mean earnings estimate of analysts had risen by about 1%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Medifast Inc shares had risen by 10.5% this quarter and
gained 19.2% so far this year.
* The company reported quarterly net income of $41.06 million.
* Wall Street's median 12-month price target for Medifast Inc is
$301.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
This summary was machine generated May 4 at 11:12 p.m. GMT. ​All
figures in US Dollars.​