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

Vital Farms

08/08/2024 14:32

* Vital Farms Inc  VITL.OQ  reported quarterly adjusted
earnings
of 36 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 17 cents to 26 cents per share.
    * Revenue rose 38.5% to $147.39 million from a year ago;
analysts
expected $138.42 million. 
    * Vital Farms Inc's reported EPS for the quarter was 36
cents​.
    * The company reported quarterly net income of $16.34
million.
    * Vital Farms Inc shares had fallen by 25.8% this
quarter and
gained 121.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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 $44.50 
This summary was machine generated from LSEG data August 8 at
01:31 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
 Jun. 30 2024      0.20           0.36           Beat
 Mar. 31 2024      0.21           0.43           Beat
 Dec. 31 2023      0.09           0.17           Beat
 Sep. 30 2023      0.05           0.10           Beat