Freshpet Inc reports results for the quarter ended December 31 - Earnings Summary

• Freshpet Inc FRPT.OQ reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 29 cents to 53 cents per share.

• Revenue rose 22% to $262.71 million from a year ago; analysts expected $264.13 million.

• Freshpet Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $18.12 million.

• Freshpet Inc shares had fallen by 11.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "buy"

Wall Street's median 12-month price target for Freshpet Inc is $172.00

This summary was machine generated from LSEG data February 20 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)