Freshpet(US:FRPT) ZACKSยท2024-06-11 23:20Company 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]