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Vital Farms (VITL) Rises Higher Than Market: Key Facts
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Vital Farms (VITL - Free Report) closed the latest trading day at $36.82, indicating a +1.94% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.
Prior to today's trading, shares of the company had lost 22.77% over the past month. This has lagged the Consumer Staples sector's gain of 3.33% and the S&P 500's loss of 0.21% in that time.
Market participants will be closely following the financial results of Vital Farms in its upcoming release. The company plans to announce its earnings on August 8, 2024. On that day, Vital Farms is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 40%. Meanwhile, the latest consensus estimate predicts the revenue to be $143.75 million, indicating a 35.04% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.98 per share and revenue of $589.53 million, indicating changes of +66.1% and +24.94%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vital Farms. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.36% higher. Vital Farms is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Vital Farms is holding a Forward P/E ratio of 36.95. This indicates a premium in contrast to its industry's Forward P/E of 16.92.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 200, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VITL in the coming trading sessions, be sure to utilize Zacks.com.
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Vital Farms (VITL) Rises Higher Than Market: Key Facts
Vital Farms (VITL - Free Report) closed the latest trading day at $36.82, indicating a +1.94% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.
Prior to today's trading, shares of the company had lost 22.77% over the past month. This has lagged the Consumer Staples sector's gain of 3.33% and the S&P 500's loss of 0.21% in that time.
Market participants will be closely following the financial results of Vital Farms in its upcoming release. The company plans to announce its earnings on August 8, 2024. On that day, Vital Farms is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 40%. Meanwhile, the latest consensus estimate predicts the revenue to be $143.75 million, indicating a 35.04% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.98 per share and revenue of $589.53 million, indicating changes of +66.1% and +24.94%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vital Farms. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.36% higher. Vital Farms is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Vital Farms is holding a Forward P/E ratio of 36.95. This indicates a premium in contrast to its industry's Forward P/E of 16.92.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 200, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VITL in the coming trading sessions, be sure to utilize Zacks.com.