Egg and butter company Vital Farms (NASDAQ:VITL) will be reporting results tomorrow before the bell. Here’s what investors should know.
Vital Farms met analysts’ revenue expectations last quarter, reporting revenues of $145 million, up 31.3% year on year. It was a very strong quarter for the company, with a solid 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 17.7% year on year to $159.9 million, slowing from the 23.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
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 Q4 results, giving us a hint as to what we can expect. Tyson Foods delivered year-on-year revenue growth of 2.3%, beating analysts’ expectations by 1%, and Freshpet reported revenues up 22%, falling short of estimates by 0.6%. Tyson Foods’s stock price was unchanged after the results, while Freshpet was down 23.2%.
Read our full analysis of Tyson Foods’s results here and Freshpet’s results here.
Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Vital Farms is down 24.3% during the same time and is heading into earnings with an average analyst price target of $46.86 (compared to the current share price of $32.47).
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