Freshpet Shares Slip as Analysts See Lower Quarterly Earnings

Freshpet fell 1.28% to $57.17 at the latest close, underperforming the S&P 500’s 0.77% decline. The Dow dropped 0.67%, while the Nasdaq fell 0.92%.

Before that session, Freshpet shares had lost 18.23%. The Consumer Staples sector was down 4.83% over the same period, while the S&P 500 had gained 0.96%.

For its upcoming earnings report, Zacks consensus estimates call for earnings of $0.4 per share, down 13.04% from the same quarter last year. The revenue forecast is $308.51 million, up 6.81%.

For the full year, analysts expect earnings of $1.27 per share and revenue of $1.22 billion, according to Zacks consensus estimates. Those figures imply a 51.89% decline in earnings and 10.73% revenue growth from last year.

Zacks said its consensus earnings forecast had not changed in the past 30 days. Freshpet’s forward price-to-earnings ratio was 45.78, compared with an industry average of 13.98.