Vital Farms(US:VITL) ZACKSยท2024-07-29 23:06Company Overview - Vital Farms is set to announce its earnings on August 8, 2024, with projected earnings of $0.21 per share, reflecting a year-over-year growth of 40% [1] - The consensus estimate for revenue is $143.75 million, indicating a 35.04% increase compared to the same quarter of the previous year [1] - For the entire year, the Zacks Consensus Estimates forecast earnings of $0.98 per share and revenue of $589.53 million, representing changes of +66.1% and +24.94%, respectively, compared to the previous year [8] Stock Performance - Prior to today's trading, shares of Vital Farms had decreased by 22.77% over the past month, underperforming the Consumer Staples sector's gain of 3.33% and the S&P 500's loss of 0.21% [3] - The stock closed at $36.82, showing a +1.94% change from the previous session, which was greater than the S&P 500's daily gain of 0.08% [7] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Vital Farms indicate a favorable outlook on the company's business health and profitability [4] - Vital Farms holds a Forward P/E ratio of 36.95, which is a premium compared to its industry's Forward P/E of 16.92 [5] - The Zacks Rank system currently rates Vital Farms as 1 (Strong Buy), with a consensus EPS projection that has moved 2.36% higher in the past 30 days [9] Industry Context - The Food - Miscellaneous industry, part of the Consumer Staples sector, currently has a Zacks Industry Rank of 200, placing it in the bottom 21% of all 250+ industries [10]