J.P. Morgan analyst Ken Goldman cut the price forecast for Freshpet, Inc. FRPT from $154 to $102 while maintaining a Neutral rating.
The Zacks Food-Miscellaneous industry is facing a challenging consumer environment and escalating costs, but brand-strengthening efforts and cost-saving strategies position SYY, GIS, POST and FRPT well for growth.
FRPT's fourth-quarter sales showcase 22% growth, driven by robust sales volume growth.
Freshpet (FRPT 6.67%) shares are reversing course today after a sharp drop late last week. The seller of fresh and healthy pet food reported fourth-quarter and full-year earnings on Thursday and the stock tanked.
Although earnings increased 16% from the year-ago period and sales grew 22%, both missed analyst estimates.
Freshpet, Inc. (NASDAQ:FRPT ) Q4 2024 Results Conference Call February 20, 2025 6:30 AM ET Company Participants Billy Cyr - Chief Executive Officer Todd Cunfer - Chief Financial Officer Operator Good morning, and welcome to Freshpet's Fourth Quarter and Full Year 2024 Earnings Call Webcast. On today's call are Billy Cyr, Chief Executive Officer; and Todd Cunfer, Chief Financial Officer.
Shares of "better for them" pet food maker Freshpet (FRPT -17.79%) were down by 19% as of 1:50 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
Freshpet (FRPT) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.31 per share a year ago.
Freshpet (FRPT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Freshpet (FRPT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Freshpet (FRPT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Freshpet (FRPT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.