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

Vital Farms

07/03/2024 15:09

* Vital Farms Inc  VITL.OQ  reported quarterly adjusted
earnings
of 17 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 4 cents.  The mean expectation of eight analysts
for the quarter was for earnings of 9 cents per share. Wall
Street expected results to range from 6 cents to 21 cents per
share.
    * Revenue rose 23.4% to $135.81 million from a year ago;
analysts
expected $131.84 million. 
    * Vital Farms Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $7.21
million.
    * Vital Farms Inc shares had risen by 21.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food retail &
distribution peer group is also "buy"

Wall Street's median 12-month price target for Vital Farms Inc
is $18.00 
This summary was machine generated from LSEG data March 7 at
03:08 p.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      0.09           0.17           Beat
 Sep. 30 2023      0.05           0.10           Beat
 Jun. 30 2023      0.07           0.15           Beat
 Mar. 31 2023      0.05           0.16           Beat