Pet food company Freshpet (NASDAQ:FRPT) will report results tomorrow before market hours. Here’s what investors should know.
Last quarter, Freshpet reported revenues of $200.6 million, up 32.6% year over year, beating analyst revenue expectations by 3.2%. It was a decent quarter for the company, which impressively beat analysts’ earnings estimates.
Does Freshpet enter the profits? Read our full review here, it’s free.
Analysts this quarter expect Freshpet’s revenue to grow 23.4% year-over-year to $204.6 million, slowing from the 43.1% year-over-year revenue increase the company recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.
Most analysts covering the company have reaffirmed their estimates over the past thirty days, suggesting that they expect the business to remain on course toward earnings. The company missed Wall St’s earnings estimates three times in the past two years.
Looking at Freshpet’s peers in the packaged food segment, some of them have already reported Q4 earnings results, giving us an indication of what we can expect. Kellanova delivered top-line growth of 0.3% year-over-year, beating analyst estimates of 3.1% and Mondelez reported earnings rose 8.7% year-over-year, beating estimates by 0.2 %. Kellanova traded up 2.1% in the results, Mondelez fell 3.1%.
Read our full analysis of Kellanova’s results here and Mondelez’s results here.
Investors in the packaged food segment had steady hands going into earnings, with stocks down an average of 0.4% over the past month. Freshpet rose 5.9% over the same period, and is heading to earnings with an analyst price target of $92.6, compared to a share price of $93.2.
Today’s young investors probably haven’t read the timeless lessons of Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple first established their supremacy. But if we apply the same principles, enterprise software stocks that use their own AI development capabilities could be the Gorillas of the future. So, in that spirit, we’re excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that’s already riding the automation wave and looking to capture generative AI next.
