Medifast's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Medifast (NYSE:MED) is set to release its latest quarterly earnings report on Monday, 2023-08-07. Analysts estimate an earnings per share (EPS) of $1.36. Last quarter, the company beat EPS by $1.27, followed by a 2.66% drop in the share price. Over the last 52-week period, shares are down 26.66%.
August 04, 2023 | 4:02 pm
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Medifast is expected to report an EPS of $1.36 in its upcoming earnings. The company's stock price has been on a downward trend, with a 26.66% drop over the last 52 weeks.
Medifast's stock price has been on a downward trend, and the upcoming earnings report is crucial. If the company fails to meet or exceed the estimated EPS, the stock price could continue to fall. However, a beat could potentially reverse the trend.
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