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

• Vital Farms Inc VITL.OQ reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of eleven analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 22 cents to 32 cents per share.

• Revenue rose 25.4% to $184.77 million from a year ago; analysts expected $170.52 million.

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

• The company reported quarterly net income of $16.64 million.

• Vital Farms Inc shares had fallen by 3.2% this quarter and lost 1.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the food retail & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Vital Farms Inc is $45.50, about 18% above its last closing price of $37.30

This summary was machine generated from LSEG data August 7 at 04:25 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)