Medifast (NYSE: MED ) is expected to report Q1 earnings on May 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Medifast's revenues will grow 6.3% and EPS will grow 6.3%.
The average estimate for revenue is $94.5 million. On the bottom line, the average EPS estimate is $0.34.
Last quarter, Medifast tallied revenue of $83.2 million. GAAP reported sales were 20% higher than the prior-year quarter's $69.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.28. GAAP EPS of $0.14 for Q4 were 75% higher than the prior-year quarter's $0.08 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 75.4%, 20 basis points better than the prior-year quarter. Operating margin was 12.7%, much better than the prior-year quarter. Net margin was 2.2%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $390.1 million. The average EPS estimate is $1.77.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 252 members out of 305 rating the stock outperform, and 53 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Medifast a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Medifast is outperform, with an average price target of $34.40.
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