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

Vital Farms

02/11/2023 13:33

* Vital Farms Inc  VITL.OQ  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The mean expectation of seven analysts
for the quarter was for earnings of 5 cents per share. Wall
Street expected results to range from 3 cents to 7 cents per
share.
    * Revenue rose 20% to $110.43 million from a year ago;
analysts
expected $110.37 million. 
    * Vital Farms Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $4.52
million.
    * Vital Farms Inc shares had fallen by 2.1% this quarter and
lost 24.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
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 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Vital Farms
Inc
is $17.50 

This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.05           0.10           Beat
 Jun. 30 2023      0.07           0.15           Beat
 Mar. 31 2023      0.05           0.16           Beat
 Dec. 31 2022      0.04           0.04           Met