BEDMINSTER, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today announced that members of the executive management team will participate in the following upcoming investor conferences: On Thursday, September 5, 2024, the Company will participate in a fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 2:15 p.m. EDT. On Tuesday, September 10, 2024, the Company will participate in a fireside chat at the Piper Sandler Growth Fron ...

Freshpet (FRPT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. In ...

Shares of Freshpet gained on a delayed reaction to a strong earnings report. Shares of Freshpet (FRPT 4.64%), the maker of fresh, refrigerated dog and cat food, were moving higher the day after the company delivered a better-than-expected earnings report. After the stock got swept up in the broader market sell-off yesterday, it redeemed itself today, tacking on 3.9% as of 1:45 p.m. ET with the help of a bullish analyst note. Freshpet keeps up the growth Freshpet has been gaining market share in the pet food ...

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 ...