Preview: Medifast's Earnings
Portfolio Pulse from Benzinga Insights
Medifast (NYSE:MED) is set to release its quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $1.06. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. Medifast's shares are currently trading at $68.89, down 34.24% over the last 52-week period.
November 03, 2023 | 4:01 pm
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NEGATIVE IMPACT
Medifast is expected to report an EPS of $1.06. Despite beating EPS estimates in the past, the company's share price has typically dropped. The stock is currently down 34.24% over the last 52 weeks.
Medifast has a history of beating EPS estimates but this has not translated into a positive impact on the share price. Given the current negative trend in the stock's performance, it is likely that the upcoming earnings report could further pressure the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100