Egg and butter company Vital Farms (NASDAQ:VITL) will be announcing earnings results tomorrow morning. Here’s what investors should know. Vital Farms beat analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $166 million, up 22.2% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates. Is Vital Farms a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Vital Farms’s revenue to grow 9.9% year on year to $162.6 million, slowing from the 24.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.Vital Farms Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vital Farms has missed Wall Street’s revenue estimates twice over the last two years. Looking at Vital Farms’s peers in the perishable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tyson Foods posted flat year-on-year revenue, missing analysts’ expectations by 0.7%, and Freshpet reported revenues up 17.6%, topping estimates by 1.4%. Tyson Foods traded down 8.3% following the results while Freshpet was up 5.9%. Read our full analysis of Tyson Foods’s results here and Freshpet’s results here. There has been positive sentiment among investors in the perishable food segment, with share prices up 4.9% on average over the last month. Vital Farms is up 15.2% during the same time and is heading into earnings with an average analyst price target of $45.56 (compared to the current share price of $37.22). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. View Comments
Vital Farms (VITL) To Report Earnings Tomorrow: Here Is What To Expect
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