Vital Farms (VITL) Tops Q3 Earnings and Revenue Estimates

Core Insights - Vital Farms (VITL) reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, and up from $0.10 per share a year ago, representing an earnings surprise of 14.29% [1] - The company achieved revenues of $145 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.21% and increasing from $110.43 million year-over-year [2] - Vital Farms has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Performance - The company had an earnings surprise of 71.43% in the previous quarter, where actual earnings were $0.36 compared to an expected $0.21 [1] - The current consensus EPS estimate for the upcoming quarter is $0.18, with projected revenues of $159.13 million, and for the current fiscal year, the EPS estimate is $1.11 on revenues of $599.07 million [7] Stock Performance - Vital Farms shares have increased approximately 135% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Context - Vital Farms operates within the Zacks Food - Miscellaneous industry, which is currently ranked in the bottom 43% of over 250 Zacks industries [8] - The performance of the stock may be influenced by the overall outlook for the industry, as top-ranked industries tend to outperform lower-ranked ones by a factor of more than 2 to 1 [8]