What To Expect From Freshpet’s (FRPT) Q4 Earnings
Pet food company Freshpet (NASDAQ:)
will be reporting results tomorrow before market hours. Here’s what investors should know.
Last quarter Freshpet reported revenues of $200.6 million, up 32.6% year on year, beating analyst revenue expectations by 3.2%. It was a decent quarter for the company, with an impressive beat of analysts’ earnings estimates.
Is Freshpet buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Freshpet’s revenue to grow 23.4% year on year to $204.6 million, slowing down from the 43.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St’s revenue estimates three times over the last two years.
Looking at Freshpet’s peers in the packaged food segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Kellanova delivered top-line growth of 0.3% year on year, beating analyst estimates by 3.1% and Mondelez (NASDAQ:) reported revenues up 8.7% year on year, exceeding estimates by 0.2%. Kellanova traded up 2.1% on the results, Mondelez was down 3.1%.
Read the full analysis of Kellanova’s and Mondelez’s results on StockStory.
Investors in the packaged food segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Freshpet is up 5.9% during the same time, and is heading into the earnings with analyst price target of $92.6, compared to share price of $93.2.
