Freshpet Inc reports results for the quarter ended June 30 - Earnings Summary

• Freshpet Inc FRPT.OQ reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from -11 cents to 35 cents per share.

• Revenue rose 12.5% to $264.69 million from a year ago; analysts expected $267.97 million.

• Freshpet Inc's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $16.36 million.

• Freshpet Inc shares had fallen by 3.1% this quarter and lost 55.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 32.1% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 4 "hold" and 1 "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 $94.50, about 30.3% above its last closing price of $65.85

This summary was machine generated from LSEG data August 4 at 01:31 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)