Freshpet, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Freshpet, Inc. reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.86. The mean expectation of fifteen analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 30 cents to 75 cents per share.

• Revenue rose 10% to $317.84 million from a year ago; analysts expected $312.04 million.

• Freshpet, Inc.'s reported EPS for the quarter was 58 cents​.

• The company reported quarterly net income of $29.68 million.

• Freshpet, Inc. shares had risen by 20.9% this quarter and gained 14.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Freshpet, Inc. is $80.00, about 13% above its last closing price of $69.60

This summary was machine generated from LSEG data November 4 at 02:31 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)