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Vital Farms (VITL) Outperforms Broader Market: What You Need to Know

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In the latest trading session, Vital Farms (VITL - Free Report) closed at $31.42, marking a +0.22% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.13%. Elsewhere, the Dow saw an upswing of 0.55%, while the tech-heavy Nasdaq depreciated by 0.52%.

Shares of the company witnessed a gain of 0.97% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 4.49% and the S&P 500's gain of 3.67%.

Market participants will be closely following the financial results of Vital Farms in its upcoming release. The company is forecasted to report an EPS of $0.14, showcasing a 40% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $142 million, up 28.59% from the year-ago period.

VITL's full-year Zacks Consensus Estimates are calling for earnings of $1.11 per share and revenue of $595.7 million. These results would represent year-over-year changes of +88.14% and +26.25%, respectively.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Vital Farms. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Vital Farms presently features a Zacks Rank of #3 (Hold).

Looking at valuation, Vital Farms is presently trading at a Forward P/E ratio of 28.37. This indicates a premium in contrast to its industry's Forward P/E of 18.28.

The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.


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