Freshpet (FRPT) closed at $70.82, down 1.57% from the previous day, compared to the S&P 500’s loss of 0.01%. The stock has risen 0.32% in the past month, underperforming the Consumer Staples sector and the S&P 500. Freshpet is set to report earnings on August 4, with analysts expecting a 500% growth in earnings per share.

The Zacks Consensus Estimates predict Freshpet’s earnings for the fiscal year to be $1.24 per share and revenue of $1.12 billion, reflecting increases of 61.04% and 15.3% from the previous year. The Zacks Rank for Freshpet is currently #4 (Sell), with a 2.36% decrease in the Zacks Consensus EPS estimate over the past month. Freshpet is trading at a premium to its industry, with a Forward P/E ratio of 57.98 and a PEG ratio of 1.36.

Investors should watch for any recent revisions to analyst forecasts for Freshpet, as positive estimate revisions are correlated with share price momentum. The Food – Miscellaneous industry, to which Freshpet belongs, has a Zacks Industry Rank of 169, placing it in the bottom 32% of all industries. To track Freshpet’s performance, use Zacks.com.

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Read more at Nasdaq: Freshpet (FRPT) Registers a Bigger Fall Than the Market: Important Facts to Note