Freshpet (FRPT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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].