Freshpet, Inc. (NASDAQ:FRPT) natural fresh products manufacturer, is reporting second quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share from $ 77.04 million in revenue.
For the full year, analysts predict revenues of $ 312.13 million, while looking forward to income of $ 0.16 per share.
Previous Quarter Performance
Freshpet, Inc. outlined loss for the first quarter of $ 0.07 per share, from the revenue of $ 70.10 million. The quarterly earnings while revenues compared with the same quarter last year.
According to street consensus, FRPT was expected to report 1Q20 loss of $ 0.06 per share from revenue of $ 71.72 million. The bottom line results missed street analysts by $ 0.01 or 16.67 percent, at the same time, top line results fell short of analysts by $ 1.62 million or 2.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FRPT was $ 96.05, representing a 167.18 % increase from the 52 week low of $ 35.95 and a 0.28 % decrease over the 52 week high of $ 96.32.
The company has a market capital of $ 3.87 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
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Recent Analyst recommendations
- On 26th June 2020, downgraded by Citigroup to Sell from Neutral rating.
Conference Call
Freshpet, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.freshpet.com
Freshpet, Inc. manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
