Group 1 - Freshpet reported a second-quarter earnings per share loss of $0.03, outperforming the analyst consensus of a $0.08 loss [1] - Quarterly sales reached $235.253 million, exceeding the expected $231.053 million, driven by a volume gain of 28.3% [1] - The company raised its net sales and Adjusted EBITDA guidance for 2024, now expecting at least $965 million in net sales, a 26% increase from 2023, up from a previous estimate of at least $950 million [2] Group 2 - Freshpet shares increased by 5.2%, trading at $127.77 following the earnings announcement [3] - Baird analyst Peter Benedict maintained an Outperform rating on Freshpet and raised the price target from $135 to $140 [3] - JP Morgan analyst Ken Goldman maintained a Neutral rating and increased the price target from $113 to $126 [3]

Freshpet Today FRPT Freshpet $121.41 -0.69 (-0.57%) 52-Week Range $54.60 ▼ $136.35 P/E Ratio 674.54 Price Target $133.76 Add to Watchlist The broad market is in correction mode as recession fears sweep through it, but Freshpet NASDAQ: FRPT is already rebounding because of its performance and improved operational quality. The broad market environment may impact the price action in FRPT in the near term. Still, the industry-leading growth, leverage gains, and rapidly approaching profitability suggest any down ...

Significant Profitability and Operating Cash Flow Improvement Second Quarter 2024 Net Sales Driven Entirely by Volume Growth Company Raises 2024 Net Sales and Adjusted EBITDA Guidance BEDMINSTER, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today reported financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Compared to Prior Year Period Net sales of $235.3 million, an increase of 28.3%. Net loss of $1.7 ...

The latest trading session saw Freshpet (FRPT) ending at $118.52, denoting a -1.61% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.5%. Elsewhere, the Dow saw an upswing of 0.5%, while the tech-heavy Nasdaq depreciated by 1.28%. Analysts and investors alike will be keeping a close eye on the performance of Freshpet in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2024. The company's upcoming EPS is projected at -$0.06, ...

Core Viewpoint - The upcoming earnings reports for Freshpet and MGP are anticipated to show varying results, with Freshpet expected to outperform while MGP faces challenges [8][20][27]. Freshpet Analysis - Freshpet is projected to report a quarterly loss of $0.06 per share, reflecting a year-over-year improvement of +82.9% [17]. - Revenue for Freshpet is expected to reach $230.93 million, representing a 26% increase from the previous year [9]. - The Most Accurate Estimate for Freshpet is higher than the Zacks Consensus Estimate, leading to a positive Earnings ESP of +146.84%, indicating bullish sentiment among analysts [20]. - Freshpet has a strong earnings surprise history, having beaten consensus EPS estimates in the last four quarters [13]. - The stock is currently rated with a Zacks Rank of 3, suggesting a hold position [12]. MGP Analysis - MGP is expected to post earnings of $1.54 per share for the quarter ended June 2024, which is a year-over-year increase of +3.4% [7]. - Revenue for MGP is anticipated to be $189.26 million, down 9.4% from the same quarter last year [7]. - The consensus EPS estimate for MGP has been revised 0.6% higher recently, but the Most Accurate Estimate indicates a negative Earnings ESP of -6.69%, complicating predictions for an earnings beat [23]. Earnings Surprise and Market Impact - An earnings beat or miss may not solely dictate stock price movements, as other factors can influence investor sentiment [6]. - The predictive power of Earnings ESP is significant for positive readings, with a strong correlation to actual earnings surprises [11][19]. - The upcoming earnings report for Freshpet is expected to be released on August 5, and the stock may react positively if key numbers exceed expectations [16].

F i I H 1 Yagi Studio Elevator Pitch Freshpet, Inc. (NASDAQ:FRPT) shares are rated as a Buy. I previously performed a preview of FRPT's results for the second quarter of the prior year with my August 3, 2023 write-up. The current article touches on Freshpet's top line growth prospects and profitability improvement potential. I expect Freshpet to record robust revenue expansion at the mid-twenties percentage level and achieve positive earnings this year. The company's top-line performance should benefit from ...

In the latest trading session, Freshpet (FRPT) closed at $131.21, marking a +1.16% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%. Market participants will be closely following the financial results of Freshpet in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.05, reflecting an 85.71% increase from the same quarter last year. Our most rec ...

Company Performance - Freshpet closed at $128.17, reflecting a -1.35% change from the previous day, underperforming the S&P 500's 0.27% gain [1] - The company is projected to report earnings of -$0.05 per share, indicating year-over-year growth of 85.71%, with revenue expected at $230.47 million, a 25.71% increase from the same quarter last year [2] - Over the past month, Freshpet shares gained 5.63%, while the Consumer Staples sector declined by 2.77% [7] Analyst Estimates and Rankings - The Zacks Consensus Estimates suggest earnings of $0.54 per share and revenue of $957.37 million for the full year, representing changes of +177.14% and +24.84% from last year [8] - Freshpet currently holds a Zacks Rank of 1 (Strong Buy), with the consensus EPS estimate rising by 84.41% over the past month [4][8] - Recent revisions to analyst forecasts are seen as positive indicators for the company's business outlook [3] Industry Context - Freshpet operates within the Food - Miscellaneous industry, which ranks in the top 24% of all industries according to the Zacks Industry Rank [5] - The industry has a Zacks Industry Rank of 60, indicating a strong performance relative to other sectors [5] - Freshpet's Forward P/E ratio is 241.29, significantly higher than the industry's average Forward P/E of 17.08, suggesting a premium valuation [10]

Core Viewpoint - Freshpet's strong Q1 earnings report has driven its stock price up significantly, indicating a potential recovery in the pet food industry after a prolonged slump [2][3]. Company Performance - Freshpet's revenue for Q1 increased by 33.6% to $223.8 million, surpassing estimates of $216.4 million [3]. - The company's gross margin improved from 30.3% to 39.4%, attributed to lower input, quality, and logistics costs [3]. - Adjusted EBITDA rose dramatically from $3 million to $30.6 million, and the company turned a GAAP per-share loss of $0.52 into a profit of $0.37, exceeding the consensus estimate of a loss of $0.23 per share [3]. Market Reaction - Following the earnings report, Freshpet's stock rose 24% in May, reflecting positive investor sentiment and a broader rally in pet stocks [2][4]. - Analysts on Wall Street provided favorable commentary, contributing to the stock's upward momentum, alongside gains from competitors like Petco and Chewy [4]. Future Outlook - Freshpet reaffirmed its revenue guidance of at least $950 million, indicating a minimum growth of 24%, and raised its adjusted EBITDA expectations from $100 million to at least $120 million [5]. - The company's current price-to-sales ratio is around 7, and it trades at approximately 50 times EBITDA, which is considered reasonable given its growth rate [5].

About Freshpet SECAUCUS, N.J., May 29, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today announced that members of the executive management team will participate in the Deutsche Bank Global Consumer Conference in Paris, France. The presentation will be on Wednesday, June 5, 2024 at 12:00 p.m. CEST / 6:00 a.m. EDT. A live webcast and replay will be available on the "Investors" section of the Company's website at www.freshpet.com. http://instagram.com/Freshpet Our food ...