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

Vital Farms

09/05/2024 19:14

* Vital Farms Inc  VITL.OQ  reported quarterly adjusted
earnings
of 43 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 16 cents to 28 cents per share.
    * Revenue rose 24.1% to $147.93 million from a year ago;
analysts
expected $136.96 million. 
    * Vital Farms Inc's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $19.02
million.
    * Vital Farms Inc shares had risen by 28.6% this quarter and
gained 90.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23% 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 6 "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 $25.00 
This summary was machine generated from LSEG data May 9 at 06:13
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
 Mar. 31 2024      0.21           0.43           Beat
 Dec. 31 2023      0.09           0.17           Beat
 Sep. 30 2023      0.05           0.10           Beat
 Jun. 30 2023      0.07           0.15           Beat