Vital Farms Surpasses Q1 Earnings and Revenue Estimates
Vital Farms (NASDAQ: VITL) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 86.96%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.17, delivering a surprise of 21.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Vital Farms, which belongs to the Zacks Food – Miscellaneous industry, posted revenues of $147.93 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 5.77%. This compares to year-ago revenues of $119.17 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Vital Farms shares have …
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